The Commodity Futures Trading Commission (CFTC) is taking targeted steps to accommodate financial technology innovation as broader digital asset market-structure legislation remains stalled in Congress.

CFTC expands relief for passive trading software providers

The Commission’s Market Participants Division issued a no-action position on Thursday, extending relief to eligible providers of passive software that facilitates access to regulated futures markets.

The position is broadly available to providers that meet the specified conditions. Under the letter, the division will not recommend enforcement action against eligible providers or their relevant personnel solely for failing to register as an introducing broker or as an associated…