Hyperliquid, Phantom Ask CFTC to Exempt DeFi From Broker Rules

The joint filing asks regulators to turn Phantom’s March no-action relief into a formal rule covering all non-custodial wallet providers. According to The Defiant, the joint filing asks regulators to turn phantom’s march no-action relief into a formal rule covering all non-custodial wallet providers.. The development comes amid ongoing regulatory scrutiny in the sector. The Defiant reports that this marks a significant milestone for the industry. The The Defiant report provides additional context on the implications for market participants and regulatory frameworks moving forward.