Hyperliquid Founder Jeff Yan Pushes for U.S. Access Under Rules That Regulate Market Operators, Not the...

NEW: Hyperliquid founder Jeff Yan is pushing for U.S. access under rules that regulate market operators rather than the blockchain itself.
Speaking to Bloomberg, Yan argued that firms operating markets on Hyperliquid should face regulatory obligations, potentially opening the network to Wall Street without treating it as a traditional exchange.
He also confirmed that Americans using VPNs to access the platform violate its terms.
Legal U.S. access remains dependent on regulatory clarity around how onchain trading fits CFTC requirements.