{"id":74162,"date":"2026-06-17T11:42:41","date_gmt":"2026-06-17T11:42:41","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cz-calls-hyperliquids-innovation-awesome-while-uniswaps-hayden-adams-blasts-us-securities-law\/"},"modified":"2026-06-17T11:42:41","modified_gmt":"2026-06-17T11:42:41","slug":"cz-calls-hyperliquids-innovation-awesome-while-uniswaps-hayden-adams-blasts-us-securities-law","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cz-calls-hyperliquids-innovation-awesome-while-uniswaps-hayden-adams-blasts-us-securities-law\/","title":{"rendered":"CZ Calls Hyperliquid&#8217;s Innovation &#8216;Awesome&#8217; While Uniswap&#8217;s Hayden Adams Blasts US Securities Law"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p><span style=\"font-weight:400\"><\/p>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">CZ praised Hyperliquid on the Galaxy Brains podcast but warned of compliance risks tied to no-ID trading.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Uniswap head Hayden Adams said U.S. securities law limits startup investing to existing millionaires, reviving an old debate.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The remarks land as Hyperliquid trades at record HYPE prices and DeFi presses for clearer U.S. rules.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><\/span><\/p>\n<h2><span style=\"font-weight:400\">CZ: \u2018A Niche Binance Cannot Compete In\u2019<\/span><\/h2>\n<p><span style=\"font-weight:400\">In <\/span><a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/2067006619347800394\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"font-weight:400\">his appearance<\/span><\/a><span style=\"font-weight:400\"> on the Galaxy Brains podcast, Binance founder Changpeng Zhao, known as CZ, complimented Hyperliquid\u2019s innovation, praising the <span>decentralized exchange<\/span>\u2019s high-performance <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-a-blockchain\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">blockchain<\/a>, onchain order books, gasless orders, sub-second execution and up to 40x <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a>. He further added that the platform has carved out a niche for itself, one that Binance cannot easily compete in because users can trade without conventional identity checks.<\/span><\/p>\n<figure id=\"attachment_823761\" aria-describedby=\"caption-attachment-823761\" style=\"width:886px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-823761\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p><span style=\"font-weight:400\">That same feature, CZ cautioned, is also its biggest liability, <\/span><span style=\"font-weight:400\">flagging compliance risks<\/span><span style=\"font-weight:400\"> and pointing to his own history. CZ pleaded guilty to anti-money-laundering violations in 2023 and served a four-month U.S. prison sentence in 2024. In sum, he admires what Hyperliquid has built, but claims he would \u201cnever operate it the same way\u201d given the regulatory environment today.<\/span><\/p>\n<h2><span style=\"font-weight:400\">Hayden Adams Takes Aim at Securities Law<\/span><\/h2>\n<p><span style=\"font-weight:400\">While CZ weighed in on the compliance side of things, Uniswap founder Hayden Adams went after the rules themselves. Reacting to a discussion of investor-protection law, he <a href=\"https:\/\/x.com\/haydenzadams\/status\/2066998970434408514\" target=\"_blank\" rel=\"noopener noreferrer\">opined on X<\/a>: <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight:400\">\u201cThe main impact of securities law seems to be only people who are already millionaires can invest in startups. <\/span><span style=\"font-weight:400\">Hard to imagine that\u2019s<\/span><span style=\"font-weight:400\"> the right approach\u201d.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight:400\">The critique revives a long-running fight over accredited-investor rules, which restrict many early-stage deals to the already wealthy. Adams has reason to engage given Uniswap Labs spent two years under regulatory pressure before the U.S. Securities and Exchange Commission (SEC) dropped its probe, and a New York judge dismissed a <\/span><span style=\"font-weight:400\">scam-token class action<\/span><span style=\"font-weight:400\"> against the company with prejudice in 2026.<\/span><\/p>\n<h2><span style=\"font-weight:400\">A Shared Subtext of Regulation<\/span><\/h2>\n<p><span style=\"font-weight:400\">The two statements come from very different founders, but they point at the same fault line, i.e. the trade-off between compliance and access. CZ\u2019s argument is that permissionless venues like Hyperliquid win users precisely because they sidestep gatekeeping, even as that invites enforcement risk. <\/span><\/p>\n<p><span style=\"font-weight:400\">On the other hand, Adams\u2019s argument is that the gatekeeping itself, in the form of securities law, locks ordinary people out of the most lucrative opportunities. <\/span><span style=\"font-weight:400\">Both land at a sensitive moment for <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">decentralized finance<\/a> ( <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-defi-decentralized-finance\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">DeFi<\/a>), especially since Hyperliquid has been one of 2026\u2019s <\/span><span style=\"font-weight:400\">breakout stories<\/span><span style=\"font-weight:400\">, with HYPE trading <\/span><a href=\"https:\/\/news.bitcoin.com\/hype-jumps-11-6-to-new-high-as-hyperliquid-extends-rally-and-triggers-11-5m-squeeze\/\"><span style=\"font-weight:400\">at record highs<\/span><\/a><span style=\"font-weight:400\"> and U.S. regulators only beginning to define how onchain derivatives and tokens should be treated. <\/span><\/p>\n<p><span style=\"font-weight:400\">As Washington debates market-structure legislation, the candor from two of the industry\u2019s most influential builders adds fuel to the question of how to protect investors without freezing out the very people the rules claim to serve. <\/span><\/p>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/cz-calls-hyperliquids-innovation-awesome-while-uniswaps-hayden-adams-blasts-us-securities-law\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways CZ praised Hyperliquid on the Galaxy Brains podcast but warned of compliance risks tied to no-ID trading. Uniswap head Hayden Adams said U.S. securities law limits startup investing to existing millionaires, reviving an old debate. The remarks land as Hyperliquid trades at record HYPE prices and [&hellip;]<\/p>\n","protected":false},"author":3947362404,"featured_media":74163,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74162"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362404"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74162"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74162\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74163"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}