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Hyperliquid launches a $29 million Policy Center in Washington, D.C. to shape U.S. crypto regulations.
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The nonprofit, led by Jake Chervinsky, will advocate for clear DeFi rules.
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The initiative aims to help decentralized trading platforms operate legally in the U.S.
Hyperliquid, a fast-growing decentralized <a href="https://xpertsstudio.com/%f0%9f%9a%80-best-crypto-exchange-liquidity-provider/" title="🚀 Best Crypto Exchange Liquidity Provider”>crypto exchange, is stepping up its presence in Washington, D.C.
The Hyper Foundation announced an investment of $29 million in the newly formed Hyperliquid Policy Center, aiming to influence crypto and decentralized finance (DeFi) regulations in the United States.
Unstaked Rewards Fund the New Initiative
The Hyperliquid Policy Center will focus on creating a “clear, regulated path” for DeFi to expand in the U.S.
Its activities will include conducting research, engaging with lawmakers, and proposing practical rules, particularly around perpetual derivatives and blockchain-based markets.
Jake Chervinsky, a prominent crypto lawyer and former Blockchain Association and Variant Fund professional, will lead the center as founding CEO.
He emphasizes that financial markets are increasingly moving to public blockchains for their speed, transparency, and resilience compared to legacy systems.
Chervinsky warns that if U.S. rules are not updated, other countries could take the lead in this emerging technology.
The initiative is funded by unstaking nearly one million HYPE tokens, the native tokens of the Hyperliquid platform, which were set to be unstaked shortly after the announcement.
Hyperliquid Engages Regulators and Lawmakers
The center plans to educate Congress and regulatory bodies about DeFi operations, helping draft legislation that protects investors while enabling innovation.
This includes guidance on how decentralized exchanges could register or receive exemptions under U.S. law.
While other crypto advocacy groups already operate in D.C., Hyperliquid’s funding distinguishes it as one of the largest single efforts from a DeFi project to shape policy.
Hyperliquid is already a major player in decentralized trading, handling over $250 billion in perpetual futures trades last month alone.
Perpetual futures allow traders to bet on crypto prices without expiration dates.
Hyperliquid Enters D.C. to Shape DeFi Policy
The timing of Hyperliquid’s D.C. expansion is significant. U.S. lawmakers are considering bills such as the Digital Asset Market Clarity (CLARITY) Act, which aims to clarify the distinction between centralized companies and decentralized protocols.
However, uncertainties remain regarding decentralized exchanges and certain reward structures.
Source: finance.yahoo.com