🇺🇸 CME and NYSE urge U.S. regulators to crack down on Hyperliquid #5PC The two largest traditional exchanges in the U.S. are lobbying regulatory agencies to increase oversight of Hyperliquid, citing its lack of KYC procedures, which make it vulnerable to price manipulation and sanctions evasion. Since launching stock, oil, gold, and other futures trading in late 2025, Hyperliquid’s open interest has surged from $280M to $2.38B in just a few months. Seven of the top ten trading pairs are now stocks and commodities, not crypto. It appears Hyperliquid has encroached on the core business of traditional giants like CME and NYSE.