Bloomberg · CME Group · Bitcoinist
Hyperliquid Policy Center Responds To ICE, CME’s Regulatory Pressure Push
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◎ Multiple-sources
The Washington, D.C.-based policy team for decentralized exchange Hyperliquid (HYPE) has moved quickly to address a new regulatory pressure campaign described in a Friday report by Bloomberg.
Key facts
- At the time of writing, Hyperliquid’s native token, HYPE, was trading at $44.60
- The policy center also emphasized that Hyperliquid runs 24/7 trading, describing this as an efficiency upgrade rather than a disruption
- In response, the Hyperliquid Policy Center (HPC), led by CEO Jake Chervisnky, pushed back publicly
- CME Group and Intercontinental Exchange (ICE) are reportedly lobbying the Commodity Futures Trading Commission (CFTC) and US lawmakers to push for federal oversight of the platform, arguing
Summary
CME Group and Intercontinental Exchange (ICE) are reportedly lobbying the Commodity Futures Trading Commission (CFTC) and US lawmakers to push for federal oversight of the platform, arguing that its current operating environment could be vulnerable to issues such as market manipulation and sanctions evasion. The exchanges’ concerns, as framed in the reporting, center on how Hyperliquid trades and where those trades take place. They argue that anonymous trading settings may allow actors with private information—or participants tied to insider or state-linked influence—to distort prices that are used across markets. CME and ICE’s stated ask, per Bloomberg, is straightforward: Hyperliquid should register with the CFTC.