Jake Chervinsky, founder and CEO of the Hyperliquid Policy Center, predicts that all exchanges, including CME and ICE, will adopt public blockchain infrastructure within ten years. According to him, onchain markets offer complete verifiability of every trading operation, a standard that traditional infrastructures cannot achieve. This prediction aligns with the think tank’s mission based in Washington, which advocates for a clear regulatory framework allowing Americans to access onchain markets, particularly perpetual derivatives. The American context strengthens these positions: in early September, the CFTC asked for dismissal of CME’s complaint about crypto perpetuals, arguing that the Chicago exchange has not suffered competitive harm. Meanwhile, Hyperliquid remains under scrutiny from Singapore’s regulator, three months after an initial warning.
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