Lighter licensing update: planned US access would target institutions
An October 22 report quoting founder and CEO Vladimir Novakovski says Lighter plans to apply next month for US designated contract market (DCM) and derivatives clearing organization (DCO) licenses. He described extensive discussions with Commodity Futures Trading Commission staff about how the platform's on-chain mechanisms map to regulatory principles.
This adds detail to the earlier reported November filing plan: the intended US offering would serve institutions rather than retail users. Novakovski said regulators would have up to 280 days to review the applications after submission and expressed confidence in the process. These are the executive's stated plans and expectations, not evidence that applications have been filed or licenses granted.
Reported: 10-21 23:58 UTC
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