ICE CEO Jeffrey Sprecher said at the Bernstein conference that Hyperliquid is 'bigger than Nasdaq, and they only have 11 people.' He mentioned that the Hyperliquid team is 'very smart,' and the trading volume of their SpaceX derivatives could 'even surpass the IPO itself' in the future. Regarding regulatory issues, Sprecher questioned, 'Why can they do it, but we can't?' He also pointed out that Hyperliquid's perpetual contracts essentially fall under swaps regulated by the Dodd-Frank Act in the traditional financial system. https://(wublock123.com)/news/ice-ceo-calls-out-hyperliquid-nasdaq-scale-11-operators-61861