‘Every single exchange’ will have to adopt public blockchain infrastructure to compete, Hyperliquid Policy Center CEO says

Crypto Insight Summary: Chervinsky says that beyond regulated perps, onchain markets need to enter the U.S. regulatory perimeter, a step he expects will happen soon. Crypto Insight Analysis: Direction: Bullish GT / Bullish BNB / Bullish OKB / Bullish HT / Bullish KCS Impact: Minor Impact Horizon: Mid-term (1-8 weeks) Reasoning: Regulatory push for onchain markets could benefit centralized exchanges with strong infrastructure.