PANews reported on February 20th that Jake Chervinsky, CEO of the Hyperliquid Policy Center, a lobbying group for Hyperliquid, stated in an article on the X platform that front-end interfaces connecting to decentralized exchange protocols should not be required to perform KYC (Know Your Customer). He argued that US law does not, and should not, force non-custodial software developers to "monitor" users without a warrant, as financial privacy is a fundamental right. While regulators cannot turn a blind eye to illicit on-chain financial activities, even those far smaller than those in the traditional financial system (TradFi), the solution is not simply to apply old regulations that exclude billions of people from the financial system to new technologies that can provide better solutions.