Key points
- On Thursday, the Solana Policy Institute issued comments urging the CFTC to change old rules that create barriers to new blockchain products.
- In a note, the Solana Policy Institute urged regulators that front-end controllers should not be classified as intermediaries to allow users to send.
- The response comes after the CFTC’s June 2026 request for public to improve fintech technology.
On July 9, Solana Policy Institute issued a response to the US Commodity Futures Trading Commission’s (CFTC) request for public input on fintech barriers.
In the official document, the non-profit organization mentioned the need to change the old regulatory systems to support blockchain-based markets and decentralized platforms like wallets.
Solana Policy Institute has been mentioned responding that “These comments focus on three areas where better disclosure can help create innovation and competition without weakening the integrity of the market, the protection of customers, the integrity of the economy in the process, or the supervision of the Commission. The Commission has useful tools that it can use now, including guidance, support without action, support for translation, and relief provided under Section 4 (c) of the CEA’s objectives.”
CFTC Told: Stop Treating Crypto as Banks
In its filing, the Solana Policy Institute cited a variety of useful explanations for blockchain systems. The organization states that non-investors should not be appointed as financial representatives. These are tools that allow users to plan and deliver their actions.
The Solana Policy Institute has confirmed that the CFTC’s rules should be changed to adapt to 24/7 markets on the chain, real risk management, and unaltered records that provide transparency compared to traditional systems.
SPI has encouraged the organization to create standards that identify common types of established protocols. “The Commission should publish guidelines, or provide temporary support, explaining that an independent software vendor, technology vendor, wallet provider, or Front End wallet provider is not required to register as an IB, and that its affiliates are not required to register as APs, for providing an insecure program that helps users prepare, sign, and deliver their registered contracts.
This review is similar to industry efforts, including reviews from groups such as the Hyperliquid Policy Center and Phantom. Blockchain companies are raising objections to centralizing responsibility for devices that are not backed up by protocols on the chain.
The answer also shows very quickly blockchainSolana, urges the CFTC to consider how on-chain data can reduce compliance, reporting, and oversight without creating any kind of stock in the financial market.
The CFTC issued its request for information on June 26, following Section 14405. The law directs regulators to review regulations that may prevent fintech partnerships with regulated entities or create unnecessary barriers for small and emerging companies. The organization seeks public opinion on laws, guidance, letters of intent, and measures that can be changed to promote innovation in emerging markets, including digital economy, and fintech cooperation with future entrepreneurs and other intermediaries.
Solana Policy Institute Helps Policymakers Create Frameworks for Blockchain-Based Innovations
SPI is a non-partisan, non-profit organization dedicated to educating policy makers about development networks like Solana. In the past, the organization has participated in many legislative discussions. For example, recently, it provided a response to the CFTC’s recommendations on the prediction markets in April 2026. Apart from this, it drafted a legal document on staking taxes together with the Blockchain Association and others in May 2026.
In February 2026, the Solana Policy Institute and its partners submitted comments to the SEC regarding crypto trading platforms. Previously, they spoke to the Treasury GENIUS Act implementation and methods of obtaining illegal financial services.
