Bankless founder: Lighter (LIT) big trend is back

Odaily报道 Bankless founder David Hoffman forwarded Lighter's compliance update on X and posted: "Lighter season back on btw."

In last night's Lighter Q3 investor call held via webcast, David Hoffman, as an investor, asked: "Considering that Lighter has already had extensive prior communication with the CFTC (U.S. Commodity Futures Trading Commission), do you expect approval of the DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses to come earlier than the CFTC's 180-day review period?"

Lighter founder and CEO Vladimir Novakovski replied: "We believe that the extensive prior communication work will make the whole process much smoother... The CFTC currently has a lot on its plate, so we cannot give an exact timeline yet... However, the CFTC internally is a fast-moving team, so we expect the overall approval process to go relatively smoothly."

Earlier news: David Hoffman once liquidated ETH and rotated into tokens such as LIT, ZEC, and NEAR, and the rotated tokens subsequently significantly outperformed ETH.