Report excerpt | Bloomberg: Hyperliquid seeks U.S. rules to protect blockchains and place regulation at the application layer
According to Bloomberg, Jeff Yan, co-founder of Hyperliquid Labs, is seeking U.S. rules that can protect its blockchain. He believes regulatory responsibility for Hyperliquid should lie with the financial institutions operating markets on the blockchain—that is, at the application layer—rather than with the blockchain network itself. This division of regulatory responsibilities would allow Hyperliquid to enter Wall Street without taking on the full compliance burden faced by traditional exchanges.
Related market data | $HYPE 77.36, 24h -2.35%.
Pay close attention to the applicable jurisdictions, the businesses involved, and the implementation timeline.
#HYPE
This does not constitute investment advice.
According to Bloomberg, Jeff Yan, co-founder of Hyperliquid Labs, is seeking U.S. rules that can protect its blockchain. He believes regulatory responsibility for Hyperliquid should lie with the financial institutions operating markets on the blockchain—that is, at the application layer—rather than with the blockchain network itself. This division of regulatory responsibilities would allow Hyperliquid to enter Wall Street without taking on the full compliance burden faced by traditional exchanges.
Related market data | $HYPE 77.36, 24h -2.35%.
Pay close attention to the applicable jurisdictions, the businesses involved, and the implementation timeline.
#HYPE
This does not constitute investment advice.