Hyperliquid founder Jeff Yan urges U.S. oversight of market operators, not blockchain
CIE News ·
Based on reporting by CoinDesk; not yet independently confirmed.
Hyperliquid founder Jeff Yan argued that U.S. regulatory oversight should target financial firms deploying markets on the blockchain rather than the underlying network, according to CoinDesk.
Hyperliquid founder Jeff Yan said U.S. regulatory oversight should target the financial firms operating trading markets on his blockchain rather than the underlying network itself, CoinDesk reported. Yan argued that regulation belongs at the layer where deployers exercise controls, comparing the network to internet infrastructure. Although Hyperliquid remains inaccessible to U.S. users, Kraken parent Payward plans to offer derivatives to domestic investors through a regulated exchange using Hyperliquid technology. The remarks follow statements from Donald Trump in August that the CFTC was working to bring Hyperliquid under federal regulations.
Key facts
- Regulation proposed for deployers
- Hyperliquid closed to U.S. users
- Payward plans U.S. derivatives
- Trump cited CFTC effort in August