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Cooling DownSnapshot Window: 2026-09-17 15:50 UTC ยท โ Back to Crypto Overview
Social Momentum Summary
Total Engagement - Comments: 0, Retweets: 2, Likes: 3, Impressions: 35
Verbatim Community Citations & Social Evidence 1 source posts analyzed
INTEL: CFTC allows developers to build passive crypto derivatives software and self-custodial trading interfaces without registering as brokers The exemption applies when developers do not control funds, direct orders or provide trading recommendations
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AI visual note: Michael Selig, identified by a nameplate reading "Mr. Michael Selig," testifies at a congressional hearing, likely related to his role in advancing cryptocurrency policy at the CFTC. His testimony aligns with the post's announcement of CFTC guidance allowing developers to create passive crypto derivatives software and self-custodial trading interfaces without registering as brokers.