POPA ReconHyperliquid Policy Center and Phantom Urge CFTC to Clarify That Publishing Onchain Protocol Software Does Not Require Registration
Hyperliquid Policy Center and Phantom Urge CFTC to Clarify That Publishing Onchain Protocol Software Does Not Require Registration Hyperliquid Policy Center (HPC) and Phantom submitted a joint comment letter to the CFTC, urging the agency to modernize its regulatory framework for onchain market infrastructure. The letter calls for clarifying that publishing onchain protocol software alone does not require registration, creating a clear pathway for regulated exchanges and clearinghouses to adopt onchain infrastructure, and codifying the Phantom non-action letter into a formal rule. It argues t…
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