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<p>DeFi derivatives platform <strong>Hyperliquid</strong> (<a href="https://yellow.com/asset/hype" rel="noopener noreferrer nofollow">HYPE</a>) is moving directly into the U.S. regulatory arena with the launch of a Washington-based policy organization, a step that signals a broader push to establish a legal pathway for onchain perpetual futures and <a href="https://yellow.com/news/tether-backs-dreamcash-to-launch-usdt-collateralized-equity-perpetuals-on-hyperliquid" rel="noopener noreferrer nofollow">blockchain-native market infrastructure.</a></p>
<p>The newly formed Hyperliquid Policy Center will <a href="https://hyperliquidpolicy.org/blog/launch-press-release" rel="noopener noreferrer nofollow">focus</a> on research and advocacy aimed at shaping federal rules for decentralized finance, with a specific emphasis on perpetual derivatives, a product that dominates global crypto trading volumes but remains largely inaccessible in the United States due to regulatory constraints.</p>
<h2 id="onchain-perpetuals-enter-u-s-regulatory-debate">Onchain Perpetuals Enter U.S. Regulatory Debate</h2>
<p>The creation of a dedicated 501(c)(4) policy group marks one of the clearest attempts by a decentralized trading ecosystem to engage directly in U.S. financial rulemaking.</p>
<p>Rather than positioning DeFi as a parallel system operating offshore, the initiative frames blockchain-based derivatives as part of the future domestic market structure.</p>
<p>Perpetual futures account for the majority of crypto trading activity worldwide, yet U.S. users typically access them through foreign platforms.</p>
<p>By building a policy presence in Washington, Hyperliquid is effectively seeking a compliant framework that would allow these products to exist within U.S. regulatory boundaries.</p>
<h2 id="token-funded-advocacy-model-emerges">Token-Funded Advocacy Model Emerges</h2>
<p>The organization is being financed with an allocation of 1 million HYPE tokens from the Hyper Foundation, introducing a new model in which blockchain ecosystems deploy native assets to support lobbying and policy development.</p>
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<p>That structure highlights the growing role of protocol treasuries in political and regulatory engagement, a function historically dominated by centralized exchanges, venture firms and traditional financial institutions.</p>
<h2 id="defi-policy-effort-led-by-former-industry-legal-heavyweights">DeFi Policy Effort Led By Former Industry Legal Heavyweights</h2>
<p>The policy center will be led by <strong>Jake Chervinsky</strong>, a prominent crypto regulatory lawyer whose previous roles at Variant, the Blockchain Association and Compound placed him at the center of major U.S. digital-asset policy debates.</p>
<p>The hiring of senior legal and policy staff with backgrounds in securities and commodities law signals an effort to translate decentralized trading infrastructure into frameworks recognizable to federal regulators.</p>
<h2 id="market-structure-battle-shifts-toward-washington">Market Structure Battle Shifts Toward Washington</h2>
<p>The launch comes as Congress and federal agencies continue to debate how trading platforms, derivatives and stablecoins should be regulated.</p>
<p>By establishing a permanent policy operation, Hyperliquid is positioning onchain exchanges to influence that process rather than react to it.</p>
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DeFi Derivatives Enter U.S. Regulatory Fight With Hyperliquid Policy Center Debut

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