Terry Duffy, CEO of CME Group, expressed skepticism about Hyperliquid’s ability to enter the US market without addressing Know Your Customer (KYC) requirements. He said the protocol cannot delegate its regulatory responsibilities simply by providing infrastructure. Hyperliquid, known for its high leverage and automated liquidations, currently requires no identity verification and is not registered with US regulators. These regulatory hurdles appear to be affecting investor sentiment and moderating expectations for Hyperliquid’s future price performance. The adoption of KYC measures, compliance partnerships or other regulatory steps could determine whether the platform can expand in the US, while action by American authorities could further weigh on market sentiment.
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