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Jeff Yan: The United States should focus on blockchain regulation at the application layer

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Jeff Yan, co-founder of Hyperliquid Labs, advocates for the United States to establish rules to protect blockchain and suggests placing regulatory responsibility at the application layer rather than the network layer to facilitate Hyperliquid's entry into the Wall Street market. Jeff Yan stated that Hyperliquid is currently not open to US customers and its positioning is to provide underlying trading technology for traditional financial institutions, rather than replacing existing market participants. (Source: Bloomberg)

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