On one hand, it hasn’t opened up to U.S. customers yet; on the other, it’s already looking for rules that can protect the chain and get it onto Wall Street. I connect these two ends: Jeff Yan wants regulation to apply at the application layer, targeting financial institutions that operate markets on this chain, while the chain network itself avoids having to shoulder the entire compliance burden of a traditional exchange.
$HYPE Current price: 79.15 USDT, 24-hour change: -1.04%. The narrative is about getting onto Wall Street, but the price has barely moved—I can’t reconcile the momentum. His positioning seems more like providing underlying trading technology for traditional institutions, comparable to AWS, than replacing existing players. The rules are still something he’s seeking, not a license already in hand.
#监管划分 #应用层
$HYPE Current price: 79.15 USDT, 24-hour change: -1.04%. The narrative is about getting onto Wall Street, but the price has barely moved—I can’t reconcile the momentum. His positioning seems more like providing underlying trading technology for traditional institutions, comparable to AWS, than replacing existing players. The rules are still something he’s seeking, not a license already in hand.
#监管划分 #应用层