Hyperliquid Urges CFTC to Exempt DeFi From Legacy Rules in July 9 Filing
The post Hyperliquid Urges CFTC to Exempt DeFi From Legacy Rules in July 9 Filing appeared on BitcoinEthereumNews.com. Hyperliquid News The Hyperliquid Policy Center (HPC), together with non-custodial wallet provider Phantom, has formally asked the US Commodity Futures Trading Commission (CFTC) to stop treating decentralized finance like traditional financial intermediaries. The joint comment, filed ahead of the agency’s July 9 deadline, argues that on-chain protocol software and self-custody wallets are tools, not brokers, and that the derivatives rulebook was never written for them. The filing responds to a Request for Information the CFTC issued on June 18, which invited the industry to identify rules that obstruct financial technology. HPC frames the submission as squarely within the commission’s existing authority to act. The comment lays out three concrete requests. First, it asks the CFTC to confirm that publishing on-chain protocol code does not, by itself, require registration