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
The post Hyperliquid Policy Center, Phantom Urge CFTC To Ease Onchain Software Registration Rules appeared on BitcoinEthereumNews.com.
TLDR: HPC and Phantom filed a joint letter urging CFTC to clarify registration rules for developers. The letter asks CFTC to give registered exchanges a path to adopt onchain infrastructure. HPC and Phantom want the Phantom no-action letter codified into a permanent formal rule. The filing responds directly to a CFTC request on rules hindering market participants. Hyperliquid Policy Center and Phantom have urged the CFTC to clarify that publishing onchain protocol software does not require registration. The two firms submitted a joint comment letter this week addressing onchain market infrastructure. Their filing asks regulators to modernize outdated rules built around custodial intermediaries. It calls for a clear registration pathway for exchanges adopting onchain systems. The letter also pushes to codify the existing Phantom no-action letter into for
The post SPI Asks CFTC to Bring Blockchain-Friendly Reforms appeared on BitcoinEthereumNews.com.
Key Highlights On Thursday, the Solana Policy Institute submitted comments urging the CFTC to update the outdated rules that create obstacles for blockchain-based innovations. In the filing, Solana Policy Institute urged regulators that non-custodial front-ends should not be classified as intermediaries just for allowing users to submit transactions. The response comes after the CFTC’s June 2026 request for the public to boost fintech innovations. On July 9, Solana Policy Institute submitted its response to the U.S. Commodity Futures Trading Commission (CFTC) request for public input on barriers to fintech innovation. In the official document, the non-profit organization mentioned the need to update old regulatory frameworks to support blockchain-based markets and non-custodial interfaces like wallets. The Solana Policy Institute mentioned in the response that “These comments focus on three
The rise of RWA trading on Hyperliquid suggests a shift towards more stable, diversified revenue streams, but regulatory scrutiny may increase.
The post Hyperliquid sees 35% drop in quarterly trading volume as RWA perpetuals quietly take over appeared first on Crypto Briefing.
The post Kalshi Plans Expansion Into Gold, Currency, and Energy Perpetual Futures Markets appeared on BitcoinEthereumNews.com.
Key Highlights Kalshi is requesting regulatory clearance for perpetual futures covering gold, currencies, and energy. The trading venue intends to move past cryptocurrency-focused derivative offerings. Precious metals, particularly gold, represent a top strategic focus for upcoming launches. Regulatory examination by the CFTC may establish precedents for energy-linked perpetual contracts. Legacy derivative exchanges confront mounting competitive challenges from Kalshi’s strategic growth. Kalshi has submitted applications to broaden its perpetual futures offerings into precious metals, currency pairs, and energy commodities. This strategic initiative represents an effort to extend its regulated derivatives framework beyond cryptocurrency markets. The expansion strategy positions Kalshi in direct rivalry with long-standing exchange platforms and retail-focused tr
Base crossing $2 billion in total value locked is a milestone that changes the way the network should be discussed. This is no longer just Coinbase’s experimental layer-2. It is a meaningful DeFi venue with enough liquid
The post North Carolina Sides With Federal Preemption, Taxing Prediction Markets 6% While Sportsbooks Pay 23% appeared on BitcoinEthereumNews.com.
Key Takeaways North Carolina’s signed budget taxes prediction markets at 6% of net trading fee revenue, effective January 1, 2027. The state declines to require prediction platforms to hold a state license, recognizing CFTC authority instead. Sports betting operators face a separate, higher 23% tax on gross wagering revenue, up from 18%, effective immediately. A carveout sidestepping a fight Governor Josh Stein signed North Carolina’s $34 billion fiscal-year budget on July 7, enacting Senate Bill 257 – now Session Law 2026-41 – after more than a year of negotiations. The budget’s two key gambling provisions pull in opposite directions: the first raises the tax on licensed online sports betting from 18% to 23% of gross wagering revenue, effective immediately. The second, taking effect January 1, 2027, imposes a 6% tax on prediction market ope
North Carolina has broken with the wave of states fighting prediction markets in court, using its new budget to tax platforms like Kalshi and Polymarket at 6% while explicitly declining to regulate them – a posture that effectively recognizes federal authority over the sector even as other states sue to assert their own. Sportsbooks in […]
Robinhood's rapid DEX volume surge highlights the volatile influence of memecoins and Layer 2 tech on decentralized finance dynamics.
The post Robinhood surpasses Hyperliquid in 24-hour DEX volume, powered by memecoins and a brand-new Layer 2 appeared first on Crypto Briefing.
