Derive Proposal Seeks Treasury Backing for US-Regulated Derivatives
A Derive proposal would authorize its Foundation to pursue regulatory approvals and create or buy entities, without specifying a budget or launch timeline.
Derive is proposing treasury support for an effort to enter the US-regulated derivatives market, according to The Defiant.
The proposal would give the Foundation authority to seek the necessary approvals and set up or acquire entities as part of that effort.
The plan does not specify how much treasury funding would be spent or when a launch might take place. It outlines proposed authority rather than an approved or scheduled rollout.
Source: The Defiant
