{"id":34293,"date":"2026-06-11T18:34:12","date_gmt":"2026-06-11T18:34:12","guid":{"rendered":"https:\/\/99bitcoins.com\/fr\/?p=34293"},"modified":"2026-06-11T07:19:52","modified_gmt":"2026-06-11T07:19:52","slug":"hyperliquid-et-paradigm-alertent-le-tresor-us-sur-le-defi","status":"publish","type":"post","link":"https:\/\/99bitcoins.com\/fr\/actu\/hyperliquid-et-paradigm-alertent-le-tresor-us-sur-le-defi\/","title":{"rendered":"Hyperliquid et Paradigm alertent le Tr\u00e9sor US sur le DeFi"},"content":{"rendered":"\r\n<p class=\"wp-block-paragraph\">Dans l&rsquo;actualit\u00e9 d&rsquo;Hyperliquid aujourd&rsquo;hui, le Hyperliquid Policy Center et la soci\u00e9t\u00e9 de capital-risque Paradigm ont d\u00e9pos\u00e9 mardi une lettre conjointe aupr\u00e8s du Tr\u00e9sor am\u00e9ricain. Ils y demandent instamment une r\u00e9vision du projet de r\u00e8gle de lutte contre le blanchiment d&rsquo;argent (AML) li\u00e9 au GENIUS Act, avertissant que la version actuelle pourrait forcer les stablecoins r\u00e9gul\u00e9s aux \u00c9tats-Unis \u00e0 quitter enti\u00e8rement la DeFi d&rsquo;ici janvier 2027.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Le jeton HYPE d&rsquo;Hyperliquid a chut\u00e9 d&rsquo;environ -11 % le jour o\u00f9 cette lettre a \u00e9t\u00e9 rendue publique. Le point central de cette affaire est le suivant : une r\u00e8gle con\u00e7ue pour stopper le blanchiment d&rsquo;argent pourrait, si elle est r\u00e9dig\u00e9e de mani\u00e8re trop large, c\u00e9der le r\u00f4le du dollar dans la finance d\u00e9centralis\u00e9e aux alternatives offshore non r\u00e9glement\u00e9es que les r\u00e9gulateurs tentent justement de contenir.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Le HYPE a \u00e9t\u00e9 l&rsquo;un des actifs num\u00e9riques les plus performants ces derniers mois, passant d&rsquo;environ 20 $ au d\u00e9but de 2026 \u00e0 plus de 75 $ au d\u00e9but de ce mois, bien qu&rsquo;il ait corrig\u00e9 au cours de la semaine derni\u00e8re pour revenir aux alentours de 55 $.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\"><a href=\"https:\/\/x.com\/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">$HYPE<\/a>: Honestly pretty strong selling which is a bit surprising but it was the strongest coin before, so some cool off is pretty normal. Would like to see it continue chopping around this current area but if we lose $54, I think we fill the gap between $44-$54. Like bitcoin, I&#39;m\u2026 <a href=\"https:\/\/t.co\/7diimau41V\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/7diimau41V<\/a><\/p>&mdash; Altcoin Sherpa (@AltcoinSherpa) <a href=\"https:\/\/x.com\/AltcoinSherpa\/status\/2064482966886076792?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">June 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Actualit\u00e9 Hyperliquid : Ce que propose r\u00e9ellement la r\u00e8gle AML du GENIUS Act et pourquoi elle pose probl\u00e8me<\/h2>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">La proposition du Tr\u00e9sor d&rsquo;avril impose des exigences strictes aux \u00e9metteurs de stablecoins, comparables \u00e0 une entreprise de transport qui devrait v\u00e9rifier l&rsquo;identit\u00e9 de chaque personne impliqu\u00e9e dans l&rsquo;\u00e9change d&rsquo;un colis apr\u00e8s qu&rsquo;il a quitt\u00e9 l&rsquo;entrep\u00f4t.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Les \u00e9metteurs doivent maintenir des programmes de conformit\u00e9 aux sanctions et \u00e0 la lutte contre le blanchiment d&rsquo;argent (AML) pour les march\u00e9s primaires et secondaires. Si le march\u00e9 primaire est simple \u00e0 g\u00e9rer, le march\u00e9 secondaire pose des d\u00e9fis majeurs puisque les \u00e9metteurs ne voient que les adresses de portefeuilles et n&rsquo;ont pas acc\u00e8s \u00e0 l&rsquo;identit\u00e9 des clients une fois le stablecoin \u00e9mis.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">La proposition stipule que les \u00e9metteurs doivent bloquer ou rejeter les transactions violant les lois ou les sanctions am\u00e9ricaines, une exigence que certains jugent presque impossible \u00e0 appliquer efficacement. Des \u00e9v\u00e9nements r\u00e9cents, comme la saga du gel et du d\u00e9r\u00e9f\u00e9rencement du stablecoin USD1, soulignent la complexit\u00e9 de l&rsquo;application des r\u00e8gles sur le march\u00e9 secondaire.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\"><blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\"><p lang=\"en\" dir=\"ltr\">The Hyperliquid Policy Center (<a href=\"https:\/\/x.com\/HyperliquidPC?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@HyperliquidPC<\/a>) and <a href=\"https:\/\/x.com\/paradigm?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">@paradigm<\/a> submitted a joint comment letter today in response to the proposed FinCEN and OFAC rule implementing the AML and sanctions requirements of the GENIUS Act for Permitted Payment Stablecoin Issuers. <a href=\"https:\/\/t.co\/xJzyxBKU82\" rel=\"nofollow\" target=\"_blank\">pic.twitter.com\/xJzyxBKU82<\/a><\/p>&mdash; Hyperliquid News (@HyperliquidNews) <a href=\"https:\/\/x.com\/HyperliquidNews\/status\/2064373095926817119?ref_src=twsrc%5Etfw\" rel=\"nofollow\" target=\"_blank\">June 9, 2026<\/a><\/blockquote><script async src=\"https:\/\/platform.x.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\r\n\r\n\r\n<h2 class=\"wp-block-heading\">La lettre conjointe : Les arguments de Hyperliquid et Paradigm<\/h2>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Cette actualit\u00e9 concernant Hyperliquid \u00e9mane du centre de politique de la firme et de Paradigm, repr\u00e9sentant la plateforme d&rsquo;\u00e9change de crypto-futures Hyperliquid. Ils soutiennent les r\u00e8gles AML propos\u00e9es par le FinCEN, qui font la distinction entre les obligations du march\u00e9 primaire et celles du march\u00e9 secondaire.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Ils sugg\u00e8rent que le Tr\u00e9sor clarifie les obligations du march\u00e9 secondaire pour les stablecoins dans les environnements sans permission (permissionless), afin d&rsquo;\u00e9viter d&rsquo;imposer une responsabilit\u00e9 stricte pour les interactions avec des contrats intelligents \u00e9chappant au contr\u00f4le d&rsquo;un \u00e9metteur.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Ils soutiennent que la proposition actuelle pourrait injustement \u00e9tendre les devoirs de conformit\u00e9 aux validateurs et aux d\u00e9veloppeurs de protocoles, risquant ainsi de d\u00e9placer les activit\u00e9s de construction de blocs vers l&rsquo;offshore.<\/p>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">De plus, ils pr\u00e9viennent qu&rsquo;exiger des \u00e9metteurs qu&rsquo;ils d\u00e9posent des rapports d&rsquo;activit\u00e9 suspecte (SAR) pour des transferts secondaires qu&rsquo;ils ne peuvent pas \u00e9valuer submergerait le FinCEN de rapports sans valeur. Leur objectif est de r\u00e9viser la r\u00e8gle pour prot\u00e9ger l&rsquo;infrastructure blockchain sans permission et l&rsquo;\u00e9cosyst\u00e8me DeFi.<\/p>\r\n\r\n\r\n<h2 class=\"wp-block-heading\">Les risques en cas d&rsquo;adoption de la r\u00e8gle : Le danger de l&rsquo;offshore<\/h2>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Si le Tr\u00e9sor ne r\u00e9vise pas la r\u00e8gle avant l&rsquo;entr\u00e9e en vigueur compl\u00e8te du cadre du GENIUS Act, Hyperliquid et Paradigm affirment que les \u00e9metteurs seront confront\u00e9s \u00e0 un calcul commercial simple : se d\u00e9ployer uniquement dans des environnements ferm\u00e9s et autoris\u00e9s o\u00f9 la conformit\u00e9 est techniquement r\u00e9alisable, ou faire face \u00e0 une responsabilit\u00e9 illimit\u00e9e. Le r\u00e9sultat redout\u00e9 est un retrait des stablecoins r\u00e9gul\u00e9s par les \u00c9tats-Unis de la DeFi, laissant derri\u00e8re eux \u00ab un vide combl\u00e9 par des alternatives offshore non r\u00e9glement\u00e9es et non libell\u00e9es en dollars \u00bb.<\/p>\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n\t<li><strong>Sc\u00e9nario haussier :<\/strong> Le Tr\u00e9sor restreint les dispositions relatives au march\u00e9 secondaire avant janvier 2027, les \u00e9metteurs de stablecoins restent dans la DeFi sans permission, et le GENIUS Act devient un cadre qui rel\u00e8ve les standards sans bloquer l&rsquo;acc\u00e8s au dollar sur les r\u00e9seaux ouverts.<\/li>\r\n\t<li><strong>Sc\u00e9nario de base :<\/strong> La r\u00e8gle est partiellement r\u00e9vis\u00e9e, les obligations du march\u00e9 primaire sont renforc\u00e9es, les devoirs sur le march\u00e9 secondaire sont clarifi\u00e9s mais pas supprim\u00e9s, et les grands \u00e9metteurs s&rsquo;adaptent avec des outils de conformit\u00e9 programmables (listes noires de smart contracts), tandis que les plus petits protocoles restent dans l&rsquo;incertitude juridique.<\/li>\r\n\t<li><strong>Sc\u00e9nario baissier :<\/strong> La r\u00e8gle est adopt\u00e9e en l&rsquo;\u00e9tat, les principaux \u00e9metteurs limitent leurs d\u00e9ploiements DeFi pour \u00e9viter toute responsabilit\u00e9, et les alternatives offshore ou algorithmiques gagnent des parts de march\u00e9 dans les protocoles m\u00eames que les r\u00e9gulateurs am\u00e9ricains esp\u00e9raient encadrer.<\/li>\r\n<\/ul>\r\n\r\n\r\n<p class=\"wp-block-paragraph\">Le d\u00e9bat parall\u00e8le sur le CLARITY Act au S\u00e9nat ajoute une autre variable. Ce projet de loi pourrait supprimer la responsabilit\u00e9 des d\u00e9veloppeurs en mati\u00e8re d&rsquo;AML et de sanctions sur les plateformes crypto, ce qui pourrait all\u00e9ger une partie de la pression.<\/p>\r\n<p>Cependant, ses dispositions sont toujours en cours de n\u00e9gociation et certains l\u00e9gislateurs poussent pour un vote complet au S\u00e9nat avant les \u00e9lections de novembre, rendant le calendrier incertain. Les agences de r\u00e9gulation am\u00e9ricaines ont montr\u00e9 une tendance \u00e0 la prudence vis-\u00e0-vis des produits financiers li\u00e9s aux cryptos, sugg\u00e9rant qu&rsquo;une r\u00e9solution rapide est loin d&rsquo;\u00eatre garantie.<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>Hyperliquid et Paradigm pr\u00e9viennent que les nouvelles r\u00e8gles AML du GENIUS Act pourraient exclure les stablecoins r\u00e9gul\u00e9s de la DeFi d&rsquo;ici 2027.<\/p>\n","protected":false},"author":135978,"featured_media":34292,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[6],"tags":[],"coin":[15],"class_list":["post-34293","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-actu"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - 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