Bankless Founder: The Lighter Bull Run Is Back

David Hoffman, founder of Bankless, shared Lighter’s regulatory progress on X with the caption: “Lighter’s bull run is back.” The previous evening, during Lighter’s Q3 investor call, Hoffman—attending as an investor—asked whether Lighter, having already engaged in extensive pre-filing discussions with the U.S. Commodity Futures Trading Commission (CFTC), could secure its Designated Contract Market (DCM) and Derivatives Clearing Organization (DCO) licenses ahead of the 180-day review period deadline. Lighter’s founder and CEO, Vladimir Novakovski, responded that those early engagements would significantly streamline the approval process—but also acknowledged the CFTC’s current heavy workload.