🐋 WHALE WATCH: Wall Street is trying to protect its territory as decentralized trading takes over. CME and NYSE are actively pushing the CFTC to force tighter supervision over HYPE . The massive trading volume on chain is starting to directly interfere with traditional market pricing and liquidity. Instead of outcompeting the tech they are resorting to the classic regulatory compliance playbook. Can U.S. regulators actually enforce strict rules on a decentralized Layer 1 ?(Whale Factor)