Hyperliquid Policy Center CEO: Opposes Mandatory Surveillance of Non-Custodial Developers, Financial Privacy is a Fundamental Right

Odaily News Hyperliquid lobbying organization "Hyperliquid Policy Center" CEO Jake Chervinsky posted on the X platform, stating that front-end interfaces connecting to decentralized exchange protocols should not be required to perform KYC. U.S. law does not, and should not, force non-custodial software developers to "monitor" users without a warrant, because financial privacy is a fundamental right. While regulators cannot turn a blind eye to illegal financial activities on-chain, even if their scale is far smaller than the traditional financial system (TradFi), the solution is not to simply apply old regulatory rules that exclude billions of people from the financial system onto new technologies that can offer better solutions.