Hyperliquid founder: Regulatory obligations should fall on on-chain market operators, not blockchains.

PANews October 15 news, according to Bloomberg, Hyperliquid founder Jeff Yan proposed a regulatory approach in an interview on Bloomberg's "Odd Lots" podcast: regulatory obligations should be borne by the financial firms operating markets on the Hyperliquid blockchain, rather than by the blockchain itself. Bloomberg said this distinction would allow Hyperliquid to expand into Wall Street without bearing the full compliance burden of a traditional exchange. U.S. regulators are currently considering how to bring offshore trading venues into the domestic financial system.