Lighter's LIT token surged by more than 12% on October 21-22 following founder Vladimir Novakovski's announcement that the company plans to apply to the US Commodity Futures Trading Commission (CFTC) in November for a derivatives license. However, no official application has been filed yet, and the CFTC has not approved anything. The rally reflects market optimism but is based on intentions rather than confirmed regulatory approval. Investors should watch if Lighter actually files and which licenses it seeks, as the approval process could take months or be denied.
Lighter's LIT token and its recent rally provide context for cryptocurrency market activity. For readers following crypto, here is Pluang's market snapshot as of Oct 22, 2026 17:31 WIB: out of 50 major cryptocurrencies, 4 rose and 45 fell today. Notably, UNI traded at Rp128.448 with a 1-day change of -3.74%, and ZIL was priced at Rp38 with a 1-day change of -3.57%.
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