Decrypt reported that Hyperliquid's policy center refuted Wall Street's concerns about insider trading and price manipulation. Hyperliquid stated, "A transparent on-chain structure actually facilitates oversight and regulatory enforcement. The current U.S. legal system is not optimized for public blockchain-based derivatives, and we are willing to cooperate with policy authorities." Previously, the CME Group and NYSE, among others, had urged authorities to regulate Hyperliquid's anonymity-based trading environment, citing concerns that it could be exploited for market manipulation and sanctions evasion.