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Hyperliquid urges CFTC to exempt DeFi from traditional crypto rules to boost US innovation.

Market News
09 Jul 2026, 18:21 WIB
BeInCrypto
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Bullish
Hyperliquid urges CFTC to exempt DeFi from traditional crypto rules to boost US innovation.

Hyperliquid and Phantom have jointly requested the US Commodity Futures Trading Commission (CFTC) to exempt decentralized finance (DeFi) infrastructure from legacy financial regulations. They argue that non-custodial wallets and protocol developers should not be treated as financial intermediaries subject to registration requirements. The proposal aims to foster innovation in the US crypto space by distinguishing technology builders from regulated financial service providers, while maintaining oversight where necessary. The CFTC will consider this feedback as it reviews potential updates to its regulatory framework for blockchain-based finance.

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