Hyperliquid founder seeks US regulatory exemption for blockchain operations

Hyperliquid founder Jeff Yan is advocating for US regulatory frameworks that would exempt the blockchain from being categorized under direct US exchange oversight. The move aims to protect Hyperliquid’s Layer-1 blockchain, which hosts a decentralized perpetual-futures exchange, from stringent regulatory measures typically applied to exchanges. Currently, Hyperliquid does not possess a CFTC exchange license and restricts US users, positioning itself as infrastructure rather than a regulated intermediary. This development emerges as the regulatory classification of on-chain market infrastructure remains a pivotal issue for platforms like Hyperliquid seeking to operate within US compliance. Observers should monitor further statements from US regulatory bodies like the CFTC, as their decisions could significantly impact Hyperliquid’s classification and market dynamics.

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