Hyperliquid founder urges US focus on market operators for regulatory access

Hyperliquid founder Jeff Yan has advocated for U.S. regulatory frameworks to focus on market operators rather than the blockchain itself. The proposal aims to facilitate legal access to Hyperliquid in the United States by shifting compliance obligations to identifiable operators. This development emerges as Hyperliquid, a decentralized perpetual-futures protocol, experiences a slight decline in its HYPE token value, which is currently priced between $76 and $78. The market has been observing a 20% drop from its September all-time high of $98.04, highlighting ongoing regulatory challenges and market dynamics.