Hyperliquid Policy Center calls for attention to financial privacy and opposes forced surveillance of non-managed developers.
PANews reported on February 20th that Jake Chervinsky, CEO of the Hyperliquid Policy Center, a lobbying group for Hyperliquid, stated in an article on the X platform that front-end interfaces connecting to decentralized exchange protocols should not be required to perform KYC (Know Your Customer). He argued that US law does not, and should not, force non-custodial software developers to "monitor" users without a warrant, as financial privacy is a fundamental right. While regulators cannot turn a blind eye to illicit on-chain financial activities, even those far smaller than those in the traditional financial system (TradFi), the solution is not simply to apply old regulations that exclude billions of people from the financial system to new technologies that can provide better solutions.
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
PCE Data Sparks Tensions: A Key Day for Bitcoin
