Hyperliquid's Jeff Yan Wants US Regulators to Police the Firms on His Chain

Hyperliquid founder Jeff Yan argues US regulators should oversee financial firms operating markets on his blockchain, not the blockchain itself, to allow regulated derivatives markets to run on public blockchains without requiring the blockchain to register as an exchange. This approach is exemplified by Kraken parent Payward's planned US-regulated perpetual futures markets using Hyperliquid's technology, pending regulatory approval.

This Wire brief sits within Fusion42's coverage of Fintech.