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MarketHyperliquidCrypto Live News
Aug 24, 2026
< 1min read
byIzabela Anna
forCoinEdition
Hyperliquid Policy Center urged the SEC and CFTC to adopt a harmonized framework treating qualifying equity perpetual contracts as security futures and to base classification on contract features rather than the underlying asset. The push follows the CFTC’s May approval of the first U.S.-listed perpetuals as futures and agency requests for public feedback, with HPC calling for immediate interpretive guidance to give U.S. exchanges (CEXs) a clearer path to list these rapidly growing crypto derivatives and boost adoption.
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Hyperliquid Policy Center is pressing U.S. regulators to establish clearer rules for equity perpetual contracts. The group wants the SEC and CFTC to treat qualifying products as security futures. Its proposal could give U.S. exchanges a clearer path to list these rapidly growing derivatives.
Regulators Face Growing Pressure
Perpetual contracts have expanded rapidly, yet U.S. rules still create uncertainty around their legal classification. However, HPC argues that contract features should determine classification rather than the underlying asset.
Additionally, the CFTC approved the first U.S.-listed perpetual contracts as futures in May. The agencies later sought public feedback on how existing derivatives definitions apply to newer products.
Consequently, HPC believes regulators can provide immediate clarity without formal rulemaking. Interpretive guidance or policy…
Source: cryptorank.io