Bloomberg reported that Hyperliquid Labs co-founder Jeff Yan is seeking U.S. rules that would protect the Hyperliquid blockchain. Yan argued that regulatory responsibility for Hyperliquid should rest with financial institutions that run markets on top of the chain, rather than with the blockchain network itself. In his view, the split would place compliance obligations on the application layer instead of the base network. That approach, according to the report, could allow Hyperliquid to move into Wall Street while avoiding the full compliance burden typically carried by traditional exchanges. The discussion centers on where U.S. regulators should draw the line between blockchain infrastructure and the market operators built on it.
Bloomberg reported that Hyperliquid Labs co-founder Jeff Yan is seeking U.S. rules that would protect the Hyperliquid blockchain.
Yan said regulatory responsibility for Hyperliquid should fall on the financial institutions operating markets on the blockchain, meaning the application layer, rather than on the blockchain network itself. Under that division, Hyperliquid could enter Wall Street without taking on the full compliance burden faced by traditional exchanges.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
