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Hyperliquid Starts DeFi Lobbying Group in U.S. with $29 Million HYPE Token Backing
The center aims to establish legal frameworks for decentralized finance and perpetual derivatives with a $28 million token donation supporting its efforts.
- On Wednesday, Hyperliquid launched the Hyperliquid Policy Center in Washington, D.C., focusing on regulatory frameworks for decentralized exchanges, perpetual futures, and blockchain-based market infrastructure.
- Because existing rules were created for analog markets, regulatory structures cannot address decentralized protocols, and perpetual futures remain a gray area under U.S. law.
- Jake Chervinsky, inaugural CEO, leads a founding team including Brad Bourque and Salah Ghazzal while the Hyper Foundation donates 1 million HYPE tokens worth roughly $29 million.
- Arriving as Senate talks continue, the Hyperliquid Policy Center plans to brief lawmakers, publish research, and advocate tailored rules while joining peer groups like the DeFi Education Fund and Blockchain Association.
- If successful, the Hyperliquid center could help bring offshore-dominant products like perps into U.S. markets, as volumes on major exchanges rival traditional ones.
15 Articles
15 Articles
Hyperliquid Launches $29M Policy Center to Lobby for DeFi in Washington
Hyperliquid is launching a new policy center in Washington, D.C., backed by approximately $29 million in funding. Announced on Wednesday, February 18, the initiative aims to fight for clearer rules for Decentralized Finance (DeFi) in the United States. This significant move signals that the DeFi sector is maturing and ready to engage directly with lawmakers rather than staying in the shadows. But will this investment be enough to gain regulatory…
Hyperliquid commits nearly $30M warchest to Washington DeFi policy push
The Hyper Foundation has invested 1 million of its HYPE tokens into the creation of the Hyperliquid Policy Center. The center will focus on making sure that issues in the decentralized finance sector do not go unaddressed in the current crypto policy environment. The Hyperliquid policy center will be an independent nonprofit focused on advocating for updated decentralized finance policies that match current realities. The Hyper Foundation commi…
Hyperliquid Launches Policy Center with $29M in Backing to Advocate for DeFi
Quick take: Jake Chervinsky, a veteran crypto litigator and former policy head at the Blockchain Association and Variant, has been appointed as the Founding CEO of the Hyperliquid Policy Center. Brad Bourque, formerly of Sullivan & Cromwell, is joining as Policy Counsel, while Salah Ghazzal, previously of Variant, is a Policy Director. The HPC is seen as a significant milestone in how individual DeFi protocols engage with federal regulators. T…
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