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Hyperliquid Founder Advocates for Regulatory Focus on Market Operators
Hyperliquid founder Jeff Yan has suggested that U.S. regulatory frameworks should focus on market operators rather than the blockchain itself. This proposal aims to facilitate legal access to Hyperliquid, a decentralized perpetual-futures protocol. Hyperliquid's HYPE token has experienced a 20% decline from its September all-time high of $98.04, highlighting ongoing regulatory challenges and market dynamics. Market participants are closely monitoring any regulatory developments and potential changes in compliance frameworks that could impact Hyperliquid's market access and token performance.