CME, NYSE lobby Washington to regulate Hyperliquid over manipulation and sanctions fears
Major exchanges CME and NYSE are urging US regulators to scrutinize Hyperliquid due to concerns regarding market manipulation and sanctions compliance.Summary
The Chicago Mercantile Exchange (CME) and the New York Stock Exchange (NYSE) have reportedly petitioned US authorities to regulate the decentralized trading platform Hyperliquid. The traditional exchange giants cite significant concerns regarding potential market manipulation and the evasion of international sanctions on the decentralized venue. Hyperliquid, which recently commanded roughly 70% of the on-chain perpetual futures market, saw its HYPE token value drop approximately 6% following the reports.
This lobbying effort comes as CME expands its own portfolio of regulated crypto derivatives, including upcoming Bitcoin Volatility Futures and multi-asset index products. These new offerings are positioned to provide institutional investors with compliant alternatives to the high-friction, leveraged trading environments currently offered by decentralized platforms like Hyperliquid. The situation remains a developing story as regulators weigh the impact of decentralized ecosystems on established financial markets.
(Source：Crypto Briefing)