# DeFi Pushes for Purpose-Built Rules

As derivatives and spot trading migrate on-chain, protocol operators keep pressing regulators to write rules for code-based execution rather than force decentralized venues into intermediary frameworks.

- Conviction: 40 / 100 (forming)
- Horizon: Emerging (watchlist)
- Tracking since: 2026-07-10T00:00:00.000Z
- Last updated: 2026-07-10T05:35:34.930Z
- Canonical: https://polylog.news/crypto/trends/defi-seeks-bespoke-regulation
- Publisher: Polylog
- Affected regions: United States

## Recent evidence

- [confirms] Hyperliquid Policy Center and Phantom Ask US Regulator to Write DeFi-Specific Rules (2026-07-10): The Hyperliquid Policy Center and Phantom filed jointly with a US regulator arguing rules built for traditional intermediaries do not map onto decentralized on-chain trading. Named protocol operators pressing for code-specific rules is the exact recurring dynamic the thesis tracks.