Can Onchain Derivatives Come to US? Hyperliquid & Phantom Just Gave CFTC a Roadmap
Covered by 3 sources · 3 articles
3 outlets - including Cryptobriefing, Cointelegraph and Cryptotimes - are covering this story. Modernizing CFTC rules could foster US-based onchain derivatives innovation, reducing offshore reliance and enhancing market efficiency. The post Phantom and Hyperliquid urge CFTC to modernize onchain derivatives rules appeared first on Cry…
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Phantom and Hyperliquid urge CFTC to modernize onchain derivatives rules
Modernizing CFTC rules could foster US-based onchain derivatives innovation, reducing offshore reliance and enhancing market efficiency.
Phantom, Hyperliquid ask CFTC to modernize rules for onchain derivatives
The companies urged the regulator to exempt blockchain developers and non-custodial wallet providers from rules designed for traditional financial intermediaries.
Can Onchain Derivatives Come to US? Hyperliquid & Phantom Just Gave CFTC a Roadmap
Hyperliquid Policy Center (HPC) and Phantom urged the CFTC to clarify that onchain protocol developers and non-custodial wallets do not require registration, while allowing regulated firms to operate using blockchain infrastructure.