Neuner Sounds Alarm on Regulation Risk for Hyperliquid
Ran Neuner, founder of Crypto Banter, warns that regulation poses the biggest risk to Hyperliquid. Speaking on Cointelegraph's Chain Reaction podcast, he stated that regulators have started establishing rules for centralized exchanges and will likely extend this scrutiny to decentralized platforms.
The governments' move to regulate centralized exchanges is a precursor to greater oversight of decentralized ones, according to Neuner. He noted that the $223 billion trading volume over 30 days on Hyperliquid's decentralized perpetual futures exchange makes it an attractive target for regulators.
However, Neuner expressed confidence in Hyperliquid's ability to withstand competition due to its network effects. 'You can't copy a network,' he said. 'There can be a thousand competitors to Uber, but hardly any will succeed.'
The US government has signaled that Hyperliquid could gain a compliant pathway into the country. President Donald Trump mentioned in August that CFTC Chair Michael Selig was working to bring Hyperliquid into the US in a 'fully compliant and legal fashion.' This announcement led to a 20% surge in HYPE's price, which is now trading around $82.