Jeff Yan told Bloomberg that U.S. regulatory oversight should apply to the firms using the blockchain, not to the underlying network itself. 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. investo…
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