CME, ICE warn regulators on Hyperliquid risks

CME Group and ICE have raised concerns with U.S. regulators, including the CFTC and Capitol Hill officials, regarding the decentralized perpetual futures platform Hyperliquid. The exchanges reportedly believe Hyperliquid's operations could facilitate market manipulation and potentially aid in evading sanctions. This action highlights ongoing regulatory scrutiny of decentralized finance (DeFi) platforms and their potential impact on traditional financial markets and compliance frameworks.