Breaking
CME, NYSE Urge US Regulators to Tighten Oversight of Hyperliquid Over Manipulation, Sanctions Risks
Uk Jin
Summary
- Traditional US financial firms reportedly asked US authorities to tighten regulation of Hyperliquid (HYPE).
- CME and the NYSE raised concerns that Hyperliquid could be used for market manipulation and sanctions evasion.
- After the report, Hyperliquid fell intraday from around $46 to the $43 range.
Traditional US financial firms are calling for tighter regulation of Hyperliquid (HYPE).
Unfolded reported on May 15, citing Bloomberg, that CME Group and the New York Stock Exchange had asked US authorities to strengthen oversight of Hyperliquid.
The push comes as Hyperliquid has grown rapidly. The platform is a decentralized perpetual futures exchange that has recently expanded its presence in commodity markets including crude oil.
CME and the NYSE raised concerns that Hyperliquid could be used for market manipulation and sanctions evasion.
After the report, Hyperliquid fell intraday from around $46 to the $43 range.
Uk Jin
wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
