Hyperliquid Founder Jeff Yan Proposes New Regulatory Model to Bring Wall Street Onchain - CCN.com

Hyperliquid founder Jeff Yan has put forward a new regulatory model aimed at bringing Wall Street activity onchain, according to CCN.com. The proposal centers on the idea that traditional financial institutions could participate in onchain markets under a framework designed to address the compliance and oversight questions that have long kept large brokerages and asset managers on the sidelines.

The details matter here. Regulatory structure has been one of the main friction points for institutional adoption of decentralized finance, and any credible proposal that attempts to bridge conventional market rules with onchain infrastructure is likely to draw attention from both crypto-native firms and traditional players. The market relevance lies less in immediate adoption than in the direction of travel: if a workable model gains traction, it could shape how venues, custodians, and intermediaries think about compliance-ready onchain trading.

What to watch is how the proposal is received by regulators and industry participants, and whether it moves from concept toward concrete rulemaking or pilot programs. Until then, it remains a discussion point rather than a settled framework — but one that speaks to the broader debate over how, not whether, institutional capital engages with onchain markets.