Yan Urges U.S. to Regulate Hyperliquid Market Operators

Hyperliquid founder Jeff Yan urges U.S. regulators to oversee the companies operating markets on its blockchain, rather than regulate the network as an exchange. He described the Layer 1 as shared financial infrastructure during an appearance on Bloomberg's Odd Lots podcast, according to the source report. Yan said compliance duties should rest with businesses that create, deploy and control markets on the network. The proposal is his preferred approach, not an existing classification under U.S. law. Why Yan Urges U.S.

Source: BlockTelegraph