Hyperliquid founder Jeff Yan is actively seeking a regulatory exemption from US authorities. The goal is to ensure the platform's Layer-1 blockchain is not classified as a direct US exchange, which would subject it to stringent regulatory oversight.
Currently, the platform operates without a CFTC exchange license and maintains restrictions on US users. By positioning itself as infrastructure rather than a regulated intermediary, the company aims to avoid the compliance burdens typically imposed on traditional financial exchanges.
The outcome of these discussions with regulators remains a critical factor for the platform's future. Observers are closely watching for potential statements from the CFTC, as any shift in classification could significantly impact the project's market dynamics and operational status in the United States.
