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Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain

Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself.

Hyperliquid founder wants U.S. oversight of trading platforms, not his blockchain
CoinDesk
AI summary

Hyperliquid founder Jeff Yan told Bloomberg that U.S. regulatory oversight should target the trading platforms built on top of blockchains rather than the underlying networks themselves. The statement is a policy opinion from a decentralized exchange founder and does not involve any concrete regulatory action, ruling, or capital flow. Traders may note it as part of the ongoing debate over how existing securities and commodities rules apply to DeFi infrastructure, but it carries no immediate price catalyst.

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