CME Group and Intercontinental Exchange (ICE) are urging U.S. regulators to take a closer look at Hyperliquid, a crypto trading platform they describe as operating without proper oversight. They argue that activity on the platform—especially around oil-linked trading—could influence global oil pricing and create risks such as market manipulation and sanctions-related exposure.
Hyperliquid’s Policy Center pushed back, calling the allegations “unfounded” and rejecting the idea that the platform poses the risks described.
flowchart TD
A[CME Group + ICE] --> B[Ask U.S. regulators to scrutinize Hyperliquid]
B --> C[Main concerns]
C --> C1[Impact on global oil prices]
C --> C2[Market manipulation risk]
C --> C3[Sanctions / compliance risk]
D[Hyperliquid Policy Center] --> E[Response]
E --> F[Claims are "unfounded"]