Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain
60-second summary
Hyperliquid founder Jeff Yan tells Bloomberg that U.S. regulators should oversee the firms trading on his blockchain rather than the blockchain network itself, arguing that compliance responsibilities belong to platform operators. He emphasizes that the protocol remains neutral, while oversight would target exchanges, potentially shaping industry standards and influencing how crypto trading platforms adapt to regulatory expectations.
Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.