The two firms have urged the US derivatives regulator to clarify how onchain infrastructure should be treated under existing regulations.
Hyperlink policy center (HPC) and Phantom have submitted a joint response to the US Commodity Futures Trading Commission's (CFTC) request for information, calling for changes that would distinguish developers of onchain infrastructure from firms providing regulated financial services. The joint submission recommends three changes to the CFTC's approach The companies said developers that build blockchain-based software should not be subject to the same regulatory requirements as exchanges, br