Hyperliquid Advocates and Paradigm are urging the United States to amend its proposed anti-money laundering rules.

CoinFeed reported on June 10th that, according to The Block, the Hyperliquid Policy Center (HPC) and venture capital firm Paradigm jointly wrote to the U.S. Treasury Department requesting amendments to a proposed anti-money laundering rule. This rule, jointly proposed in April by the Financial Crimes Enforcement Network (FinCEN) and the Office of Foreign Assets Control (OFAC) under the Treasury Department, aims to treat stablecoin issuers as financial institutions and require them to bear strict responsibility for transactions they cannot effectively monitor. In their letter, HPC and Paradigm stated their support for FinCEN's focus on compliance obligations in the primary market, where issuers know their customers; however, in the secondary market, issuers only see wallet addresses and transaction amounts, and a more lenient approach should be adopted.