Wall Street’s existential crisis over perpetual futures just got urgent

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President Trump on Wednesday teased a path to CFTC regulation of Hyperliquid, the fast-growing decentralized venue for trading perps. Perpetual futures, or "perps," are blockchain-enabled, 24/7-traded, never-expiring "futures" that are threatening the trading economics of traditional Wall Street exchanges.

CNBC’s Oliver Renick reports.