Hyperliquid’s Jeff Yan Proposes U.S. Regulatory Oversight for Trading Platforms
- Jeff Yan, founder of Hyperliquid, advocates for U.S. regulators to oversee financial firms using his blockchain technology.
- Hyperliquid’s perpetual futures trading platform is currently not available to U.S. customers.
- Payward, Kraken’s parent company, plans to offer derivatives in the U.S. using Hyperliquid’s technology via a regulated exchange.
- Yan’s proposal aims to allow Wall Street firms to build trading businesses on Hyperliquid without the blockchain being classified as a regulated exchange.
- In August, President Trump indicated that the Commodity Futures Trading Commission (CFTC) was working on bringing Hyperliquid under federal regulations.
Yan’s approach suggests that regulation should focus on companies deploying the technology rather than the blockchain itself, similar to how internet infrastructure is regulated for financial services.
This shift could enable compliance with regulatory standards while expanding access to innovative trading solutions, as evidenced by Payward’s plans for U.S.-based derivatives offerings using Hyperliquid’s tech.(Source)
