Phantom

CFTC Petition Watch: Hyperliquid, Phantom Seek Rule-Level Broker Exemption for DeFi Rails

A joint CFTC filing aims to turn Phantom's March no-action letter into a blanket rule, removing broker-registration risk across non-custodial DeFi infrastructure.

▸ July 9, 2026 · Tomas Keller

Regulation /

HYPE Flat at $67.27 as Hyperliquid’s Policy Arm Presses CFTC for DeFi Carve-Out

HPC and Phantom filed a joint CFTC comment seeking a broker-rule exemption for non-custodial DeFi, landing amid negative HYPE funding and extreme-fear sentiment.

▸ July 9, 2026 · Aisha Rahman