We Need To Stop Geofencing DeFi Like Hyperliquid w/ Jake Chervinsky
About this episode
Jake Chervinsky discusses the need for regulatory changes to support decentralized finance in the U.S.
Jake Chervinsky, CEO of the Hyperliquid Policy Center, joins us to talk about the critical mission of advocating for American access to decentralized markets. We dive deep into the limitations of the Commodity Exchange Act, the challenges of KYC in a permissionless world, and the evolving relationship between the SEC and CFTC. Jake explains why the current regulatory framework fails DeFi and how a new approach to licensing or exemptions could finally allow US traders to access products like Hyperliquid perps legally. Subscribe to the newsletter! https://newsletter.blockspacemedia.com Notes: • HPC launched in mid-February 2024. • CEA assumes centralized intermediaries in trades. • DCM licenses require total operator control. • Dodd-Frank changes targeted 2008-style leverage. Timestamps: 00:00 Start 00:15 What is the Hyperliquid Policy Center? 01:21 Day in the life of Jake 03:36 What regulations need to change? 06:47 What does a rule change look like? 10:57 Bank secrecy & KYC 14:19 Possible regulation comprimises 17:48 Lobbying for regulation as moat 20:52 ellipsis labs ad 21:39 CES & CFTC now BFF <3 26:17 Devs are NOT money transmitters 31:04 What is "decentralized"? 35:40 CLARITY…
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