Hyperliquid Requests CFTC Recognition That On-Chain Protocols Require No Registration on July 9

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According to BlockBeats, on July 9, Hyperliquid submitted a response to the U.S. Commodity Futures Trading Commission (CFTC) regarding future regulatory directions. The protocol requested formal recognition that on-chain protocols require no registration, that non-custodial wallets do not serve as financial intermediaries, and that the CFTC provide clear pathways for regulatory functions to operate on-chain.
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