TechFlow reports that on February 20, Jake Chervinsky, CEO of Hyperliquid’s lobbying organization “Hyperliquid Policy Center,” posted on X stating that front-end interfaces connecting to decentralized trading protocols should not be required to implement KYC. U.S. law does not—and should not—compel non-custodial software developers to “monitor” users without a warrant, as financial privacy is a fundamental right. While regulators cannot ignore illicit on-chain financial activity—even though its scale remains far smaller than that of the traditional financial system (TradFi)—the solution is not to simply impose outdated regulatory frameworks, which exclude billions of people from the financial system, onto new technologies capable of delivering superior solutions.
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