Hyperliquid and Phantom Request DeFi Exemption from Traditional Financial Regulations
The Hyperliquid Policy Center (HPC) and Phantom have jointly requested that the Commodity Futures Trading Commission (CFTC) exempt decentralized finance (DeFi) platforms from legacy financial regulations. They argue onchain software and self-custodial wallets should not be treated as intermediaries under current derivatives rules, aiming to modernize U.S. market compliance while retaining regulatory oversight where necessary.
Topics: CFTC crypto compliance DeFi regulation Hyperliquid Phantom