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

Hyperliquid lobbying organization "Hyperliquid Policy Center" CEO Jake Chervinsky posted on the X platform stating that 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 search 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their scale is much smaller than that of the traditional financial system (TradFi), the solution is not to simply apply outdated regulatory rules that exclude billions from the financial system to new technologies that can provide better solutions.