Hyperliquid Policy Center calls for attention to financial privacy and opposes mandatory surveillance of non-custodial developers

The CEO of the Hyperliquid Policy Center, Jake Chervinsky, stated on the X platform that the front-end interfaces connecting decentralized trading protocols should not be required to perform KYC. U.S. law does not, and should not, mandate non-custodial software developers to "monitor" users without a warrant, as financial privacy is a fundamental right.

While regulators cannot turn a blind eye to illegal financial activities on-chain, even if their scale is much smaller than that of the traditional financial system (TradFi), the solution is not to simply impose old regulatory rules that exclude billions from the financial system onto new technologies that can provide better solutions.