Jeff Yan on How Hyperliquid Can Legally Enter the U.S. Market On October 15, 2026, Hyperliquid Labs co-founder and CEO Jeff Yan @chameleon_jeff said on Bloomberg Podcasts @podcasts that Americans using a VPN to access the service violate its terms of service. He argued that enabling compliant access for U.S. users requires bridging regulators' understanding of on-chain technology and determining whether it aligns with the CFTC's core principles. As an example, he highlighted how anyone can verify that total user balances equal the USDC held at a given address, a feature that could help regulators recognize the technology's benefits.