# Hyperliquid Founder Proposes Regulatory Framework for US Market Entry Jeff Yan advocates for regulating market operators rather than the underlying blockchain infrastructure. - **Source:** [INCRYPTED](https://brifing.si/source/7cd4625d-3f08-4cc1-983d-4c7d991839ba) - **Published:** 2026-10-15 - **Topic:** [Business](https://brifing.si/c/business) - **Original article:** - **On Brifing:** https://brifing.si/s/0bc18a03-d2da-4c2f-bd89-0a0ae065d9d8 ## Regulatory Responsibility Shift Jeff Yan proposes that regulatory oversight should target entities managing specific trading markets on Hyperliquid rather than the blockchain protocol itself. By distinguishing between infrastructure providers and market operators, the project aims to align with existing legal frameworks. This approach mirrors how internet service providers operate without assuming liability for user-generated content. ## Infrastructure Model Comparison Yan draws a direct parallel between Hyperliquid and Amazon Web Services, positioning the blockchain as a foundational layer for financial services. This model allows traditional institutions to build proprietary products on top of the technology. The goal is to provide computational resources and liquidity without replacing the core business models of established financial firms. ## Institutional Integration Strategy The founder explicitly rejects the narrative that traditional financial institutions are obsolete or destined for displacement. Instead, he envisions a collaborative ecosystem where legacy firms leverage Hyperliquid to enhance their own service offerings. This strategy focuses on becoming a universal infrastructure layer that supports global finance rather than competing as a direct replacement. ## US Market Access Plans While Hyperliquid remains currently inaccessible to US clients, strategic expansion is underway through external partnerships. Payward, the parent company of Kraken, intends to offer derivatives based on Hyperliquid technology to American investors. This partnership utilizes a regulated exchange as the primary interface, ensuring compliance with local laws while utilizing the underlying blockchain innovation. ## Regulatory Caution and Responsibility Yan acknowledges that US regulators must proceed with extreme caution due to the complexity of the existing financial system. He emphasizes that authorities are tasked with protecting participants within a framework that already functions effectively for millions. Consequently, the pace of innovation must be balanced against the high responsibility of maintaining market stability. ## Permissionless Deployment Benefits The platform advocates for a permissionless model that enables developers to deploy financial services globally without centralized gatekeepers. Yan believes this architecture can significantly improve how the financial system serves diverse populations worldwide. By lowering barriers to entry, the technology aims to foster a more inclusive and efficient environment for liquidity and trade. ## Future Vision for Finance Hyperliquid maintains the ambitious goal of becoming a central hub for all financial activities. By positioning itself as a neutral infrastructure provider, the project seeks to bridge the gap between decentralized technology and traditional finance. Success depends on the ability to demonstrate that this new model can coexist with and strengthen existing market protections. ## Strategic Implications for Operators The proposed framework places the burden of compliance squarely on the shoulders of those who deploy and manage specific markets. This shift clarifies the roles of various stakeholders in the ecosystem. As firms like Kraken explore these tools, the industry will observe how effectively this regulatory model satisfies the rigorous demands of US authorities. ## Sources covering this story - https://incrypted.com/osnovatel-hyperliquid-predlozhyl-model-rehulyrovanyya-platformy-v-ssha/ — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._