Hyperliquid Founder Proposes New Regulatory Approach: Regulate Trading Service Providers, Not the Blockchain Itself

Hyperliquid co-founder Jeff Yan told Bloomberg’s *Odd Lots* podcast that regulatory obligations should be imposed on financial service providers operating markets on the Hyperliquid blockchain, rather than the blockchain network itself, to lower compliance burdens for platforms entering the U.S. market. Yan drew an analogy to internet infrastructure: as the underlying liquidity and trading infrastructure, blockchain should not directly shoulder all regulatory responsibilities of traditional trad

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