Bollcoin, October 18 — According to Bloomberg, Hyperliquid Labs co-founder Jeff Yan is seeking US rules that can protect its blockchain. He believes Hyperliquid's regulatory responsibility should fall on the financial institutions operating markets on top of the blockchain — that is, at the application layer — rather than on the blockchain network itself. This regulatory division would allow Hyperliquid to enter Wall Street without bearing the full compliance burden of a traditional exchange.