CFTC Chair Michael Selig declared “America is now the crypto capital of the world” on Monday, announcing guidance for non-custodial software developers, crypto asset taxonomy, and ending CFTC-SEC infighting through Project Crypto.

The Non-Custodial Developer Guidance

Selig directed staff to provide guidance on CFTC intermediary registration requirements for developers of non-custodial software systems like digital wallets and decentralized finance applications. 

“For too long, there has been an open question as to whether software providers trigger the CFTC’s registration requirements. We intend to address this question head-on,” Selig said.

This guidance addresses a critical…

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