Hyperliquid Policy Center CEO: Every Exchange Will Need Public Blockchain Infrastructure

The notable claim is not that exchanges will use blockchains, but that a policy advocate frames public-chain infrastructure as a competitive necessity rather than an ideological preference. That reframes the debate from whether onchain markets get regulated to how quickly they must enter the U.S. perimeter to stay viable. Chervinsky's expectation of near-term movement is the part worth watching: whether regulated perpetuals actually become the entry point, or remain a niche, is the open question.