Hyperliquid Lobbyist CEO: Frontend Interface Connecting to Decentralized Exchange Protocols Should Not Be Required to Perform KYC

BlockBeats News, February 20th, Hyperliquid lobbying organization Hyperliquid Policy Center CEO Jake Chervinsky posted on social media, stating, "The front-end interface connecting to decentralized exchange protocols should not be required to perform KYC (Know Your Customer). Financial privacy is a fundamental right."

Of course, even though the scale of on-chain illicit financial activity is negligible compared to the traditional financial system, we should not turn a blind eye to it. However, the solution should not be to simply apply old rules—rules that have excluded billions of people from the financial system—to new technology that can do better."