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Hyperliquid founder urges US to regulate market operators, not blockchain, amid token price dip

Market News
24 Oct 2026
Crypto Briefing
View Source
Bearish
Hyperliquid founder urges US to regulate market operators, not blockchain, amid token price dip

Jeff Yan, founder of Hyperliquid, has proposed that U.S. regulators focus on market operators rather than the blockchain technology itself to enable legal access to Hyperliquid in the U.S. This approach aims to shift compliance responsibilities to identifiable operators, potentially easing regulatory hurdles. Meanwhile, Hyperliquid's HYPE token has declined about 20% from its September peak, trading between $76 and $78, reflecting ongoing regulatory uncertainty. Market watchers are closely monitoring any regulatory changes that could impact Hyperliquid's market access and token performance going forward.

Hyperliquid's HYPE token trades at Rp1.367.804 on Pluang as of Oct 24, 2026 20:41 WIB, down 2.26% in the past day. The token's market cap stands at Rp347,67 trillion with a 24-hour trading volume of Rp14,7 trillion. This trading activity occurs while Hyperliquid's founder advocates for U.S. regulators to focus on market operators, a move that could influence the token's regulatory environment and market access.

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