Hyperliquid, a fast growing decentralized exchange focused on perpetual futures trading, has launched a Washington based policy and research organization aimed at influencing how U.S. regulators approach decentralized finance. The new initiative, called the Hyperliquid Policy Center, is backed by a commitment of 1 million HYPE tokens valued at roughly 29 million dollars.
The policy center will be led by crypto attorney Jake Chervinsky, who previously served as policy head at the Blockchain Association. According to the announcement, the nonprofit group will focus on regulatory frameworks for decentralized exchanges, perpetual derivatives and blockchain based market infrastructure.
The launch comes as lawmakers and federal agencies intensify discussions around oversight of digital asset trading platforms. Perpetual futures, which allow traders to maintain leveraged positions without an expiration date, are widely used in global crypto markets but remain a complex area under U.S. law. Most activity in these instruments has historically taken place on offshore platforms.
Hyperliquid operates a decentralized exchange that enables users to trade perpetual contracts directly on blockchain networks without a central intermediary. Instead of relying on traditional brokers or clearinghouses, transactions are executed and settled onchain. According to publicly available data, the platform processed more than 250 billion dollars in perpetual futures trading volume and 6.6 billion dollars in spot trading over the past month.
Chervinsky said financial markets are increasingly moving onto public blockchains due to perceived efficiency, transparency and resilience advantages. He added that the United States faces a choice between adopting updated regulatory frameworks that accommodate decentralized systems or risking the migration of innovation to other jurisdictions.
The Hyperliquid Policy Center plans to engage directly with lawmakers, provide technical briefings and publish research on decentralized market design. Its focus on perpetual derivatives reflects the growing importance of crypto based futures trading within the broader digital asset ecosystem.
The Washington policy landscape for digital assets has become increasingly crowded in recent years. Organizations such as the DeFi Education Fund, Solana Policy Institute, Digital Chamber, Blockchain Association and Crypto Council for Innovation are already active in advocating for crypto related legislation and regulatory clarity. The creation of another dedicated DeFi focused group underscores the sector’s expanding political engagement.
Funding for the initiative comes from the Hyper Foundation, which supports the Hyperliquid ecosystem. The 1 million HYPE token allocation represents one of the larger financial commitments for a crypto policy organization in recent years.
As Congress continues negotiating potential legislation that could shape the future of decentralized finance in the United States, industry participants are positioning themselves to influence how new rules address blockchain based exchanges and derivative markets.
