Hyperliquid CEO Advocates Against KYC for Decentralized Protocol Interfaces

Jake Chervinsky, CEO of Hyperliquid Policy Center, expressed on the X platform that front-end interfaces connecting decentralized trading protocols should not be required to implement Know Your Customer (KYC) procedures. According to Odaily, Chervinsky argued that U.S. law does not and should not compel non-custodial software developers to monitor users without a warrant, emphasizing that financial privacy is a fundamental right. While regulatory bodies cannot ignore illegal financial activities on-chain, even if they are smaller in scale compared to the traditional financial system (TradFi), the solution is not to apply outdated regulatory rules that exclude billions from the financial system to new technologies that offer better solutions.