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CFTC’s Crypto Crackdown Puts Hyperliquid’s HYPE in the Crosshairs—Just as Perpetuals Heat Up

CFTC’s Crypto Crackdown Puts Hyperliquid’s HYPE in the Crosshairs—Just as Perpetuals Heat Up

Author:
Coindesk
Published:
2025-05-23 09:24:09
20
3

CFTC’s Plans for Crypto Perpetual Trading Puts Focus on Hyperliquid’s HYPE

Regulators are circling crypto’s wildest derivatives playground—and Hyperliquid’s HYPE token is flashing on their radar. The CFTC’s latest move to police perpetual contracts could force decentralized protocols to play by old-school rules. Or, you know, collapse under compliance costs like the rest of finance’s ’innovators.’

Perps have become crypto’s favorite casino game—no expiry, maximum leverage, and now, maximum scrutiny. Hyperliquid built its empire here, but the party might be over when the feds bring the rulebook.

Funny how ’decentralized’ platforms still tremble when Washington whispers. Maybe because deep down, they know: in finance, the house always wins. Even when it’s a DAO.

|Square

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