US CFTC chair considering rules for on-chain platforms like Hyperliquid

U.S. Commodity Futures Trading Commission (CFTC) Chairman Mike Selig said the agency is considering regulatory measures that would allow on-chain perpetual derivatives platforms, such as Hyperliquid, to operate in the United States. According to Wu Blockchain, Selig said regulators should look to the future rather than rigidly applying outdated exchange rules from 1934. He added the CFTC is actively developing regulations tailored for on-chain products, including those with Auto-Deleveraging (ADL) mechanisms.