House Committee Expands Probe into Crypto.com and Hyperliquid Compliance

probe into Crypto.com — The House Oversight Committee, led by Chairman James Comer, has expanded its investigation into cryptocurrency exchange compliance, demanding records from Crypto.com, Hyperliquid, and prediction market PredictIt regarding identity checks and suspicious trading activity.

The committee’s letters, sent on September —, seek detailed information on the platforms’ customer identification programs, their processes for monitoring and reporting suspicious transactions, and any trading activity by government insiders or company employees. The inquiry specifically asks for records related to “insider trading, front-running, and market manipulation.”

This action represents a significant escalation of congressional scrutiny into the operational compliance of digital asset trading venues. The committee is focusing on whether these firms have adequate safeguards to prevent illicit finance and ensure market integrity.

The firms have been given a deadline to respond to the document requests. The probe underscores the increasing regulatory and legislative pressure facing the cryptocurrency industry in the United States, particularly concerning anti-money laundering (AML) and know-your-customer (KYC) enforcement.