A decade ago, EtherDelta was a leading decentralized exchange on Ethereum, operating in a nascent technological era and different regulatory environment. Amidst current the CME and ICE concerns regarding Hyperliquid, the SEC’s 2018 enforcement action against EtherDelta provides vital historical context for decentralized platforms. This analysis examines EtherDelta’s failures and how Hyperliquid’s transparent onchain operations, order books, and listing protocols aim to potentially resolve those regulatory risks. @21shares_us @21shares(Ξliézer Ndinga)