Lawyer: Hyperliquid Listing S&P 500 Is Not a Compliance Signal On March 26, 2026, Lawyer Jin stated in an interview with Wu Talk that tokenized stocks are mostly derivatives without shareholder rights. She also pointed out that S&P and Nasdaq are profit-driven public companies, not official regulatory representatives. She emphasized that Hyperliquid's launch of the S&P 500 contract is merely a trademark authorization from S&P and does not serve as a compliance signal or endorsement by S&P. Follow Wu Talk's YouTube channel for more professional interviews, podcasts, and short videos from the Crypto industry.