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Derive seeks approval to explore US-regulated derivatives market with no set budget or timeline.

Protocol Fundamentals
12 Oct 2026
Crypto Briefing
View Source
Neutral
Derive seeks approval to explore US-regulated derivatives market with no set budget or timeline.

Derive Foundation has proposed a governance plan to gain authority to pursue regulatory approvals in the US for its onchain derivatives platform. The proposal allows the Foundation to form or acquire entities and use limited treasury funds, mainly in its native token DRV, for legal and compliance work. No specific budget or launch date is set, and token holders must approve the plan before any action. This move aims to create a regulated US venue while maintaining Derive's DeFi presence internationally, potentially opening its products to institutional traders restricted from offshore platforms.

Derive's proposal for treasury funding and US regulatory approval is presented here with market context from Pluang's cryptocurrency sector. As of Oct 12, 2026 23:32 WIB, out of 50 major cryptocurrencies, only 11 rose while 38 fell. Notably, BAL gained 11.14% to Rp16.297 with a typical hold time of 85 days, contrasting with ATOM which dropped 9.24% to Rp32.471 and had a 35% sell order activity, while EOS rose 8.13% to Rp12.649 with a typical hold time of 87 days.

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