Hyperliquid Founder Proposes Regulating Firms, Not Blockchains
Block Editorial Staff
October 15, 2026
Jeff Yan, founder of the cryptocurrency platform Hyperliquid, is urging U.S. regulators to focus on financial firms that utilize blockchain technology, rather than the blockchain networks themselves. Yan’s proposal suggests that this regulatory approach would permit Wall Street firms to establish regulated trading businesses on Hyperliquid without requiring the blockchain to be registered as an exchange.