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Home›Crypto›Regulation›Hyperliquid, Phantom urge US regulators to reclassify…

Hyperliquid, Phantom urge US regulators to reclassify onchain protocols

The request for information was issued in mid-June by the CFTC and SEC, prompting calls for different treatment of onchain systems.

Reported · Written up by our desk · Regulation

The Block reports that Hyperliquid and Phantom have urged the US Commodity Futures Trading Commission to stop treating onchain protocols like traditional brokers and exchanges.

The Block said the CFTC and Securities and Exchange Commission issued a Request for Information in mid-June on financial innovation.

Sources

The BlockHyperliquid Policy Center, Phantom urge CFTC to stop treating onchain protocols like traditional brokers and exchanges

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