# Jeff Yan Says U.S. Access to Hyperliquid Depends on Regulators Understanding On-Chain Technology By Riza Dagoc Canonical URL: https://www.tokenpost.com/news/regulation/34517 Published: 2026-10-19T00:09:44.000Z Updated: 2026-10-19T00:09:44.000Z Section: Regulation > Yan said Americans who use a VPN to reach Hyperliquid violate its terms. He also pointed to a public balance check that he said could help regulators recognize on-chain technology’s benefits. Hyperliquid Labs CEO Jeff Yan said U.S. access to the platform depends on regulators understanding on-chain technology and assessing whether it aligns with the CFTC’s core principles. In comments on Thursday, Oct. 15, Yan said Americans who use a VPN to access Hyperliquid violate its terms of service. He described compliant access as requiring regulators to understand how on-chain technology works and evaluate it against the agency’s principles. Yan pointed to a public verification check: anyone can compare total user balances with the USDC held at a particular address. He said that kind of transparency could help regulators recognize the technology’s benefits. The comments follow Yan’s earlier case for financial firms to use [Hyperliquid’s shared blockchain infrastructure while keeping their customer relationships](). ## Links in this article - [Hyperliquid’s shared blockchain infrastructure while keeping their customer relationships](https://www.tokenpost.com/news/technology/33861)