Particle.news
Download on the App Store
15 ARTICLES
·
2mo ago

Hyperliquid Launches Washington Policy Center With $29 Million in HYPE to Shape DeFi Rules

Led by crypto lawyer Jake Chervinsky, the nonprofit aims to craft workable rules for on‑chain derivatives, focusing on decentralized market infrastructure.

Hyperliquid unveils lobbying arm ahead of U.S. elections - Details
Image
Hyperliquid launches washington policy center to press for regulatory clarity
Image

Overview

  • The Hyper Foundation funded the new Hyperliquid Policy Center with 1,000,000 HYPE tokens valued at roughly $28–29 million.
  • The center will prioritize legal frameworks for perpetual futures, decentralized exchanges, and blockchain-based market plumbing, with plans to brief lawmakers and publish technical research.
  • Founder and CEO Jake Chervinsky is joined by Policy Director Salah Ghazzal and Policy Counsel Brad Bourque, and the group is recruiting for additional senior roles.
  • The launch enters a crowded D.C. crypto policy arena as Congress debates market-structure legislation and unresolved SEC–CFTC jurisdiction, with perps still a gray area under U.S. law.
  • Hyperliquid reports more than $250 billion in monthly perpetuals volume per DefiLlama data, drawing both industry support and unproven criticism about potential regulatory risks.