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Deep Tide TechFlow News, May 6th, according to The Block reports, CFTC Chairman Michael Selig stated at the Consensus Miami conference hosted by CoinDesk this Tuesday that the CFTC plans to formally codify its previous stance on protecting non-custodial software developers into regulations. In March this year, the CFTC issued a no-action letter to crypto wallet provider Phantom, clarifying that self-custody wallet software developers who meet certain conditions do not need to register as brokers. Selig said that the agency will expedite the rulemaking process to provide clear guidance for relevant companies developing and offering software in the United States.