Derive proposes treasury funding for a US-regulated derivatives push

Derive wants permission to knock on the US regulatory door. The onchain derivatives protocol published a Derive Improvement Proposal on October 12, 2026, asking token holders to let its foundation explore a fully regulated US trading venue. The request is broad and the price tag is blank. The proposal sets no spending amount and no launch date. What the proposal actually asks for The proposal targets the Derive Foundation, the Cayman-based entity that oversees the protocol. If approved, the Foundation would gain authority to seek regulatory approvals in the US. It could also form new entities or acquire existing ones to get there. To pay for all this, the Foundation would be allowed to draw on limited treasury resources. That money would cover legal, compliance and technical work tied to the effort. Nothing happens without a vote. Token holders must approve the proposal before the Foundation can act on any of it. No initial product has been named. No financial commitment has been spelled out either. Any next steps will depend on how much clarity future US regulatory developments provide. Two venues, one brand The stated strategy is to keep Derive positioned as a leading DeFi market...