Hyperliquid's Yan and CME's Duffy Clash Over Who Bears US Compliance
- —Yan: regulation belongs at the layer with controls, meaning the market deployers
- —Duffy: an institution must police its own markets rather than rely on users
- —Hyperliquid's terms ban US-based access and the use of VPNs to evade restrictions
- —Yan called it unresolved whether the technology fits CFTC core principles
Why it matters: The outcome will determine whether Hyperliquid can legally serve US traders and how onchain exchanges will be regulated.
Source: Cryptonews.net