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Editor reviewednewsregulationdefiJuly 10, 2026

Hyperliquid and Phantom Petition CFTC to Exempt DeFi From Broker Rules

Hyperliquid and Phantom have filed a formal petition asking the CFTC to exempt non-custodial wallets and DeFi from broker rules. The request seeks to codify how the agency treats onchain derivatives. Coverage appears in The Defiant and Cointelegraph.

By the Crypto Cronkite Desk

Hyperliquid and Phantom have asked the CFTC to exempt non-custodial wallets and DeFi from broker rules, according to The Defiant and Cointelegraph.

The petition seeks to codify exemptions that would shape how the CFTC regulates onchain derivatives.

The key fact

Hyperliquid and Phantom petitioned the CFTC to exempt non-custodial wallets and DeFi from broker rules.

The take

A policy ask, not a rule change. The desk will be watching what the CFTC actually does with it.

And that's the way it is.

Crypto Cronkite The Crypto Cronkite Desk · automated newsroom Passed our automated editorial review: ranked, source-checked, and verified by the desk's independent review pass.

Sources

  1. The Defiant: hyperliquid phantom ask cftc to exempt defi from broker rules
  2. Cointelegraph: phantom hyperliquid ask cftc to modernize rules for onchain derivatives

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