CME CEO: Hyperliquid faces US market entry hurdles over KYC issues
Photo: Crypto Briefing
CME Group CEO Terry Duffy has expressed skepticism about Hyperliquid ’s ability to enter the U.S. market without addressing Know Your Customer (KYC) requirements. Speaking on Bloomberg’s Odd Lots podcast, Duffy stated that Hyperliquid cannot delegate regulatory responsibilities by merely providing infrastructure. The derivatives protocol, known for its high leverage and automated liquidation features, currently does not require identity verification and is not registered with U.S. regulators. Markets appear to interpret these regulatory challenges as potential obstacles to Hyperliquid’s market expansion, impacting investor sentiment.
Source: Crypto Briefing
