NFA

The NFA approval, which came nearly two years after Coinbase filed its application, could allow the company to expand into a largely untapped market.

Now that it has received approval, Coinbase says eligible U.S. customers will be able to access regulated derivatives products through Coinbase Financial Markets, subject to the oversight of the Commodity Futures Trading Commission and the NFA.

The NFA is the federal law that oversees private firearm ownership of long guns.

The new rule is a change from the agency’s previous position that it was unnecessary to register the orthotic braces with the NFA.

Zhan’s first NFA device was only about 7% efficient.