According to Cointelegraph, Crypto Banter founder Ran Neuner stated that regulation is the biggest risk facing Hyperliquid. Currently, perpetual futures cannot be freely traded in the U.S. Although Hyperliquid, as a decentralized trading platform without KYC, has implemented geo-restrictions for U.S. users, these restrictions can still potentially be bypassed. On the other hand, if the U.S. allows compliant platforms to offer perpetual futures, Hyperliquid might face fiercer competition, with some U.S. users possibly shifting to regulated platforms. However, Neuner believes that Hyperliquid has already established a strong network effect and could consider following the example of other platforms by launching a regulated version in the U.S. https://(wublock123.com)/news/ran-neuner-regulation-biggest-risk-for-hyperliquid-68276