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Hyperliquid Policy Center, Phantom urge CFTC to update rules for onchain trading
As reported by The Block, Hyperliquid Policy Center and Phantom on Thursday ask the Commodity Futures Trading Commission to revise rules they say were built for centralized financial intermediaries rather than decentralized finance. In a joint comment letter, the groups argue that software supporting onchain trading, including systems like Hyperliquid, should not by itself trigger registration as an exchange or clearinghouse. They also say non-custodial front-end providers such as Phantom do not need to register as introducing brokers because code does not have legal personality, cannot enter contracts and cannot ... (full story)
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TRUMP SAYS IRAN REACHED OUT SEEKING A NEW AGREEMENT
From tradersunion.com | 1 hr 20 min ago
The Block reported that White House officials on Thursday sent a letter to Senate Majority Leader John Thune and Senate Minority Leader Charles Schumer defending President Donald Trump's approach to regulatory appointments and rejecting Democratic criticism over vacancies at key agencies. In the letter, the officials said they wanted to "set the record ...
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