Hyperliquid founder urges US to regulate market operators, not blockchains
- —Yan wants compliance duties placed on operators rather than the network itself
- —HYPE trades at $76–78, 20% below its $98.04 peak
- —The token fell 1–3% over 24 hours amid regulatory uncertainty
- —Prediction markets put the odds of HYPE hitting $100 by year-end at 29%, down from 37%
Why it matters: A US framework targeting operators rather than blockchains could give Hyperliquid legal access to the largest market and set a template for other DeFi protocols.
Source: Crypto Briefing