CryptoSlate
US Wallet War: Phantom Challenges CFTC Over On-Chain Perps Access
July 10, 2026•08:05 AM
Phantom has officially entered the US regulatory fray, joining forces with the Hyperliquid Policy Center to urge the CFTC to dismantle rules that 'unduly impede' fintech firms from engaging with registered derivatives markets. This strategic move aims to secure the future of on-chain perps by ensuring software providers can facilitate access to sophisticated trading tools.
By emphasizing that users retain full control of their private keys and funds, Phantom is fighting to be classified as software rather than a custodian. The outcome of this regulatory push, set against a July 9 deadline, will be a pivotal moment for the integration of decentralized trading protocols within the traditional financial regulatory framework.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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