Regulation· ★★★· neutral·

Every exchange will need public blockchain infrastructure to compete, Hyperliquid Policy Center CEO says

  • —Chervinsky: exchanges without public blockchain infrastructure won't stay competitive
  • —Onchain markets need to enter the U.S. regulatory perimeter
  • —He expects that to happen soon
Why it matters: A signal that onchain exchanges may soon be folded into U.S. regulation, potentially accelerating institutional flows into DeFi.
Source: The Block