**[Bankless Founder: The Big Rally for Lighter (LIT) is Back]** Odaily Planet Daily News – Bankless founder David Hoffman shared Lighter's compliance updates on X and commented: "The big rally for Lighter is back (Lighter season back on btw)." Last night, Lighter held its Q3 investor call via live webcast. During the call, David Hoffman, as an investor, asked: "Considering Lighter has already conducted extensive preliminary communication with the CFTC (Commodity Futures Trading Commission), do you anticipate that the approval timeline for DCM (Designated Contract Market) and DCO (Derivatives Clearing Organization) licenses will be shorter than the CFTC's stipulated 180-day review period?" Lighter founder and CEO Vladimir Novakovski responded: "We believe that the extensive preliminary communication will make the entire process much smoother... The CFTC currently has a lot on its plate, so we can't provide a definitive timeline yet... However, the team within the CFTC is highly efficient, so we expect the approval process to proceed relatively smoothly." Previously, it was reported that David Hoffman had liquidated his ETH holdings and reallocated to tokens such as LIT, ZEC, and NEAR. The performance of these reallocated tokens subsequently significantly outperformed ETH.