Crypto Banter founder Ran Neuner says regulation is Hyperliquid's biggest risk despite Hyperliquid leading perpetual DEXs with about $223 billion in trading volume over the past 30 days. Neuner predicted regulators would scrutinize decentralized platforms after establishing rules for centralized exchanges. He said Hyperliquid's network effects make it difficult for competitors to challenge. President Donald Trump said CFTC Chair Michael Selig was working to bring Hyperliquid into the US in a fully compliant and legal fashion.