Regulators eye onchain derivatives platform

The Hyperliquid Policy Center is advocating for the efficiency and transparency of onchain perpetuals. However, major exchanges like ICE and CME are reportedly urging the CFTC to exert oversight on the platform. This push for regulation stems from concerns about overall market stability within the rapidly evolving digital asset derivatives space. The debate highlights the ongoing tension between innovation in decentralized finance and the established regulatory frameworks governing traditional financial markets, as regulators grapple with how to best manage risks associated with new technologies.