Hyperliquid and Phantom Urge CFTC to Exempt DeFi From Legacy Rules

The Hyperliquid Policy Center (HPC) and non-custodial wallet provider Phantom have jointly asked the Commodity Futures Trading Commission (CFTC) to stop regulating decentralized finance (DeFi) like traditional financial firms. The two filed their joint comment ahead of the CFTC’s July 9 comment deadline. They argue that onchain software and self-custodial wallets are tools, not the