Bloomberg · Wall Street · Donald Trump · CoinDesk
Hyperliquid founder Jeff Yan wants U.S. regulators to oversee financial companies applying his blockchain rather than the
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Companies operating trading markets on Hyperliquid should be responsible for meeting regulatory requirements, much like financial firms using internet infrastructure, Yan said Thursday in a Bloomberg interview.
Key facts
- Diversified RWA stablecoins sustain 5-7% yield from real credit as crypto funding compresses to ~4%
- His comments come after President Donald Trump said in August that the CFTC was working to bring Hyperliquid into the U.S. under federal regulations
- Hyperliquid founder Jeff Yan wants U.S. regulators to oversee financial firms using his blockchain rather than the network itself
- Yan’s proposal would allow Wall Street firms to build trading businesses on Hyperliquid without requiring the blockchain itself to operate as a regulated exchange
Summary
Hyperliquid founder Jeff Yan said U.S. regulators should oversee financial firms operating on the blockchain rather than regulate the network itself. Yan’s proposal could allow Wall Street firms to build regulated trading businesses on Hyperliquid without requiring the blockchain to register as an exchange. Kraken parent Payward plans to offer U.S. investors derivatives using Hyperliquid’s technology through a regulated exchange, even as Hyperliquid’s perpetual futures market remains closed to them.