Phantom and Hyperliquid urge CFTC to modernize rules for onchain derivatives

Crypto firms Phantom and Hyperliquid have urged the US Commodity Futures Trading Commission (CFTC) to update its rules for onchain derivatives. They argue that blockchain developers and non-custodial wallet providers should be exempt from regulations designed for traditional financial intermediaries. The appeal is part of the broader US debate on adapting financial law to the crypto market.

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More on this topic

🪙 Crypto Hyperliquid and Phantom urge CFTC not to regulate onchain protocols like traditional exchanges The Block · 17d ago 🪙 Crypto Phantom hires Hyperliquid market builders to expand perpetual futures CoinDesk · 26d ago 🪙 Crypto Stocks Outpace Crypto on Hyperliquid for the First Time Decrypt · 1d ago