Hyperliquid's Jeff Yan says US should regulate trading operators, not blockchains

The story so far: Jeff Yan on Hyperliquid regulation

Hyperliquid founder Jeff Yan said regulatory duties should fall on the firms operating trading services on the blockchain rather than on the blockchain itself, which could let US users access Hyperliquid legally. He now says US entry depends on an independent operating entity above the protocol completing regulatory…

1. 15 Oct 202608:15 UTC

   Jeff Yan says on-chain market operators, not blockchains, should carry regulatory duties

   Hyperliquid founder Jeff Yan told Bloomberg's Odd Lots podcast that regulatory obligations should fall on the financial firms running markets on the Hyperliquid blockchain rather than on the blockchain itself. Bloomberg said the split would let Hyperliquid expand into Wall Street without a traditional exchange's full compliance burden.

   RegulationPANewsAIBullish

2. 24 Oct 202613:34 UTC

   Hyperliquid's Jeff Yan says US should regulate trading operators, not blockchains

   Jeff Yan, founder of the decentralised perpetual futures platform Hyperliquid, said US crypto rules should target the companies operating trading services rather than blockchains. He said such a framework could let US users access Hyperliquid legally.

   RegulationCoinNessAIBullish

3. 3 Nov 202607:50 UTC

   Hyperliquid's Jeff Yan says US entry hinges on compliance of operating entity

   Hyperliquid co-founder Jeff Yan says entering the US market depends on an independent operating entity above the protocol completing regulatory compliance. The HIP-3 upgrade lets third parties deploy derivatives markets on assets such as stocks, gold and crude oil, and ICE has invested in ecosystem project Trade.xyz, whose cumulative volume has passed $500bn.

   RegulationOdailyAIBullish