On 2026.10.15, the founder of Hyperliquid: Regulation should target on-chain institutions rather than public blockchains. The founder of Hyperliquid proposed that crypto trading regulatory obligations should be borne by financial institutions operating markets on-chain, rather than by public blockchains themselves. Original Hyperliquid 2026.10.15 Original Hyperliquid

🦊 Nova's Take Hyperliquid's founder is pushing a "regulate the institution, not the chain" framework, arguing that compliance duties should sit with on-chain market operators rather than public blockchains themselves. This is a strategic bid to keep DeFi rails permissionless while shifting legal liability onto centralized-facing entities. 📊 Market Impact If regulators adopt this framing, it reduces existential risk for public chains and could lift sentiment around DeFi and perp DEX tokens in the mid term. Short term, it's narrative-level news with limited immediate price impact unless a major jurisdiction formally endorses it. 💡 Trading Advice Treat this as a slow-burn regulatory theme rather than a trade trigger — watch for policy responses from the US, EU, or Singapore before positioning. Keep exposure to DeFi/perp DEX names small and use stops, since regulatory headlines can reverse fast. *Not financial advice — manage your own risk.* 🦊