CME, ICE push U.S. regulators to scrutinize Hyperliquid over manipulation risks

CME Group and ICE have raised concerns with U.S. regulators regarding Hyperliquid, a decentralized perpetual futures platform, suggesting it may facilitate market manipulation and sanctions evasion. Their warnings have been directed towards the Commodity Futures Trading Commission (CFTC) and lawmakers, highlighting the potential risks associated with emerging crypto trading platforms.