📰 Phantom and Hyperliquid Urge CFTC to Update Rules for Onchain Derivatives
🗓️ Jul 09 2026 23:25 UTC
Phantom and the Hyperliquid Policy Center have asked the US Commodity Futures Trading Commission (CFTC) to clarify that blockchain protocol developers and non-custodial wallet providers should not be treated like traditional financial intermediaries. The request was submitted in ...
➤ Phantom and Hyperliquid Policy Center are urging the CFTC to clarify regulations for onchain derivatives, advocating for exemptions for blockchain protocol developers and non-custodial wallet providers.
➤ They argue that current regulations, designed for traditional intermediaries, do not fit the onchain model where users transact directly without intermediaries holding assets.
➤ The request aims to allow regulated entities to use blockchain infrastructure for post-trade functions while ensuring developers and wallet providers are not misclassified as financial intermediaries.
#cftc #phantom #hyperliquid #onchainderivatives #blockchainprotocoldevelopers #noncustodialwalletproviders #financialintermediaries #regulatoryexemptions #openprotocols #regulatedexchanges
🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-phantom-and-hyperliquid-urge-cftc-to-update-rules-for-onchain-derivatives-1340179913
rwatimes / RWATimes
npub1qz…w0p4g
2026-07-10 12:28:26 UTC
Author Public Key
npub1qz4zsh526h2e8vgceayhkqkuva2w5dzza35x9q7kcqwz3fn2ccuq3w0p4gPublished at
2026-07-10 12:28:26 UTCEvent JSON
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"content": "📰 Phantom and Hyperliquid Urge CFTC to Update Rules for Onchain Derivatives\n🗓️ Jul 09 2026 23:25 UTC\n\nPhantom and the Hyperliquid Policy Center have asked the US Commodity Futures Trading Commission (CFTC) to clarify that blockchain protocol developers and non-custodial wallet providers should not be treated like traditional financial intermediaries. The request was submitted in ...\n\n➤ Phantom and Hyperliquid Policy Center are urging the CFTC to clarify regulations for onchain derivatives, advocating for exemptions for blockchain protocol developers and non-custodial wallet providers.\n➤ They argue that current regulations, designed for traditional intermediaries, do not fit the onchain model where users transact directly without intermediaries holding assets.\n➤ The request aims to allow regulated entities to use blockchain infrastructure for post-trade functions while ensuring developers and wallet providers are not misclassified as financial intermediaries.\n\n#cftc #phantom #hyperliquid #onchainderivatives #blockchainprotocoldevelopers #noncustodialwalletproviders #financialintermediaries #regulatoryexemptions #openprotocols #regulatedexchanges\n\n🔗 Read more at: https://rwatimes.io/articles/coinmarketcap-phantom-and-hyperliquid-urge-cftc-to-update-rules-for-onchain-derivatives-1340179913",
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