Decentralized and perpetual futures exchange Hyperliquid has launched a new advocacy group in Washington to push for clearer rules regarding decentralized finance in Congress.
Summary
- Hyperliquide launched the Hyperliquid Policy Center in Washington to advocate for clearer regulations governing decentralized finance.
- HPC will focus on perpetual derivatives and blockchain-based financial infrastructure.
The Hyperliquid Policy Center will be “dedicated to advancing a clear, regulated path for decentralized finance to thrive in the United States,” according to a February 18 announcement.
To do this, it will produce “rigorous technical research” and “practical regulatory frameworks” for the challenge, with a particular focus on the derivatives market and blockchain-based financial infrastructure.
HPC has selected crypto policy veteran Jake Chervinsky to lead the organization. Chervinsky has extensive experience in digital asset regulation and securities litigation, and previously served as General Counsel at Variant and Director of Policy at the Blockchain Association, as well as General Counsel at Compound Labs.
“US financial regulation was not written for decentralized technologies like Hyperliquid,” Chervinsky said in an X article, adding that “HPC will add expertise in perpetual derivatives, decentralized markets and other technical topics to the conversation in Washington.”
The Hyper Foundation, an independent organization supporting the growth of the Hyperliquid ecosystem, has pledged 1 million Hyperliquid tokens to fund the launch of the Hyperliquid Policy Centre.
As the industry matures, the traditional one-size-fits-all approach to blockchain advocacy is being replaced by surgical, sector-specific lobbying.
Last year, major Ethereum protocols, including Aave, Uniswap, and Lido, came together to form the Ethereum Protocol Advocacy Alliance, a joint advocacy effort aimed at advancing global policy change.
Most recently, the Digital Chamber launched the Prediction Markets Task Force with the goal of protecting and formalizing the legal status of event-driven contracts in the United States by strengthening the Commodity Futures Trading Commission as the exclusive regulator of prediction markets.
