Hyperliquid US Entry Blocked by KYC & Regulatory Issues
CME Group CEO says Hyperliquid cannot enter the US market without KYC and cannot offload regulatory responsibility to users or developers by claiming to be mere infrastructure.
What we know
An account on X reports that CME Group CEO Terry Duffy directly challenged Hyperliquid's US market entry prospects, arguing the platform cannot claim to be infrastructure-only to avoid compliance obligations. This is a notable regulatory signal for DeFi perp platforms seeking US legitimacy.
How the story developed
CME Group CEO says Hyperliquid cannot enter the US market without KYC and cannot offload regulatory responsibility to users or developers by claiming to be mere infrastructure.
Hyperliquid's founder is pushing for US market access by placing regulatory obligations on firms operating on its network rather than the blockchain itself, raising fears of inevitable KYC and centralization.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.