Hyperliquid founder seeks US regulatory exemption for blockchain operations
- Published
- Updated
- Since then
- 2 new reports
Hyperliquid founder Jeff Yan said U.S. oversight should target the financial firms using the blockchain rather than the blockchain network itself. In separate coverage, he was also described as seeking a U.S. regulatory exemption for blockchain operations tied to Hyperliquid’s U.S. business. The newer reporting adds that the model is framed as regulating operators rather than the chain, and that the U.S. approach could affect how Wall Street firms use the network.
Key claims & sources
What it means
This affects firms and users around Hyperliquid’s network because the immediate question is whether oversight lands on the businesses using it or on the chain itself. If that distinction holds, the practical target for compliance would be the operators that transact on top of the network, and that is the part market participants would notice first in day-to-day use.
Compared with a model that treats the blockchain itself as the regulated object, the described approach leaves the network in place and shifts attention to the firms using it. That means the basic blockchain can remain the same while the compliance burden moves to operators, which is the change described in the newer coverage. (per cryptobriefing.com)
Market reaction i
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
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context
Has this happened before?
| When | What happened | Figure |
|---|---|---|
| 25 days ago | Singapore’s MAS puts Hyperliquid on its investor alert list event | 1 actors in common · 2 news media |
| 28 days ago | Blockchain.com Seeks CFTC Approval for U.S. Event Contracts, Derivatives event | 1 actors in common · 10 news media |
| 29 days ago | Hyperliquid confirms Singapore base as MAS says it falls outside its remit event | 1 actors in common · 2 news media |
| 30 days ago | Hyperliquid Calls Singapore Home — But Does It Have a License? event | 1 actors in common · 5 news media |
| 35 days ago | Hyperliquid Policy Center, Circle press EU on perps and stablecoin reserves in MiCA review event | 1 actors in common · 2 news media |