The Gwart Show | Blockspace Media

We Need To Stop Geofencing DeFi Like Hyperliquid w/ Jake Chervinsky


Listen Later

Jake Chervinsky, CEO of the Hyperliquid Policy Center, joins us to talk about the critical mission of advocating for American access to decentralized markets. We dive deep into the limitations of the Commodity Exchange Act, the challenges of KYC in a permissionless world, and the evolving relationship between the SEC and CFTC. Jake explains why the current regulatory framework fails DeFi and how a new approach to licensing or exemptions could finally allow US traders to access products like Hyperliquid perps legally.

Subscribe to the newsletter! https://newsletter.blockspacemedia.com

Notes:
• HPC launched in mid-February 2024.
• CEA assumes centralized intermediaries in trades.
• DCM licenses require total operator control.
• Dodd-Frank changes targeted 2008-style leverage.
Timestamps:
00:00 Start
00:15 What is the Hyperliquid Policy Center?
01:21 Day in the life of Jake
03:36 What regulations need to change?
06:47 What does a rule change look like?
10:57 Bank secrecy & KYC
14:19 Possible regulation comprimises
17:48 Lobbying for regulation as moat
20:52 ellipsis labs ad
21:39 CES & CFTC now BFF <3
26:17 Devs are NOT money transmitters
31:04 What is "decentralized"?
35:40 CLARITY update
41:10 What's Coinbase doin?
47:11 Canton
54:37 Bitcoin defies regulation
59:38 Spot vs perps
1:03:45 Tokenized securities



The Gwart Show is sponsored by Ellipsis Labs. Ellipsis Labs builds the most efficient on-chain markets. Their orderbook and Prop AMM products have delivered price improvement to hundreds of billions of dollars in retail volume. Now, they are bringing their expertise to build Phoenix, the best on-chain perpetuals platform.


Ellipsis Labs is hiring New York-based engineers. If you're an engineer looking to work with a proven team in making DeFi better, go to ellipsislabs dot xyz slash careers.

Learn more about your ad choices. Visit megaphone.fm/adchoices

...more
View all episodesView all episodes
Download on the App Store

The Gwart Show | Blockspace MediaBy Blockspace Media

  • 4.8
  • 4.8
  • 4.8
  • 4.8
  • 4.8

4.8

12 ratings


More shows like The Gwart Show | Blockspace Media

View all
Macro Voices by Hedge Fund Manager Erik Townsend

Macro Voices

3,072 Listeners

Unchained by Laura Shin

Unchained

1,203 Listeners

The Market Huddle by Patrick Ceresna & Kevin Muir

The Market Huddle

361 Listeners

Bankless by Bankless

Bankless

1,046 Listeners

Dwarkesh Podcast by Dwarkesh Patel

Dwarkesh Podcast

551 Listeners

The Rollup by Where digital assets meet capital markets. Hosted by Robbie &amp; Andy

The Rollup

7 Listeners

Empire by Blockworks

Empire

165 Listeners

Raoul Pal: The Journey Man by Real Vision Podcast Network

Raoul Pal: The Journey Man

127 Listeners

Forward Guidance by Blockworks

Forward Guidance

273 Listeners

Bell Curve by Blockworks

Bell Curve

35 Listeners

Steady Lads by Steady Lads

Steady Lads

5 Listeners

Lightspeed by Blockworks

Lightspeed

30 Listeners

0xResearch by Blockworks

0xResearch

16 Listeners

Monetary Matters with Jack Farley by Jack Farley

Monetary Matters with Jack Farley

155 Listeners

1000x by Blockworks

1000x

9 Listeners