Sep 18, 2026 7:06 PM

Federal regulators are officially bypassing Congress to rewrite the rules of crypto. By exempting "passive" software providers from registering as brokers, the CFTC is allowing apps to route massive trades without the strict oversight or accountability required of traditional financial institutions. This creates a two-tiered system where software gets a free pass while traditional brokers are buried in red tape. Is this the regulatory clarity we need, or just a dangerous loophole?
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