MiFID Pathway Advances

European regulators engage with Hyperliquid's argument that crypto perpetuals should be handled under MiFID II-style market rules rather than only through MiCA's DeFi-gateway framework. This is the most constructive path for Hyperliquid because it aligns with the regulated derivatives approach already emerging in the U.S. after Kraken's CFTC approval.

Each figure is the modeled move of the S&P 500 if the outcome occurs. For information only. Not investment advice.