Hyperliquid advocate and Paradigm urge US to revise proposed anti-money laundering rule

60-second summary

Hyperliquid-backed lobby group and Paradigm are urging the US to revise proposed anti-money laundering rules that would limit decentralized stablecoin usage on public blockchains, citing concerns over overregulation and potential stifling of innovation in the space, with over 100 stablecoins currently in circulation, impacting the growing adoption of digital assets.