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Hyperliquid Policy Center and Phantom urge CFTC to reconsider onchain protocol regulation · Cyprus Report

Tech · World

Hyperliquid Policy Center and Phantom urge CFTC to reconsider onchain protocol regulation

2 sourcesFirst reported 12 days agoUpdated 12 days ago

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Phantom and Hyperliquid Policy Center have requested the Commodity Futures Trading Commission (CFTC) to modernize regulations for onchain protocols.
They are seeking exemptions for blockchain developers and non-custodial wallet providers from rules aimed at traditional financial intermediaries.
Their statement coincided with the CFTC and Securities and Exchange Commission's Request for Information on financial innovation issued in mid-June.

Generated by AI from the 2 sources below · always verify with the originals

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Summarising the coverage…

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All coverage (2)

Phantom, Hyperliquid ask CFTC to modernize rules for onchain derivativesCointelegraph · 12 days ago
Hyperliquid Policy Center, Phantom urge CFTC to stop treating onchain protocols like traditional brokers and exchangesThe Block · 12 days ago

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AI summary: catch up in 20 seconds

Phantom and Hyperliquid Policy Center have requested the Commodity Futures Trading Commission (CFTC) to modernize regulations for onchain protocols.
They are seeking exemptions for blockchain developers and non-custodial wallet providers from rules aimed at traditional financial intermediaries.
Their statement coincided with the CFTC and Securities and Exchange Commission's Request for Information on financial innovation issued in mid-June.

Generated by AI from the 2 sources below · always verify with the originals