According to Foresight News , in response to a Bloomberg report that the CME and ICE pressured the CFTC regarding Hyperliquid, the Hyperliquid Policy Center, a lobbying group led by renowned crypto lawyer Jake Chervinsky and funded by the Hyper Foundation, tweeted a statement saying that the concerns are unfounded. The organization stated that Hyperliquid publishes complete on-chain transaction records in real time, offering far greater transparency than traditional exchanges, which has a strong deterrent effect on insider trading and price manipulation, and is beneficial for regulatory agencies and law enforcement to conduct monitoring and investigations. Furthermore, Hyperliquid provides 24/7 trading, effectively eliminating the price gap between opening and closing times in traditional markets. The organization acknowledged that current U.S. law does not specifically address the on-chain derivatives market and will continue to work with policymakers in Washington to promote the implementation of a relevant regulatory framework.
Previously, the Hyperliquid Policy Center was established in Washington on February 18 this year, with Jake Chervinsky, former chief legal officer of the Blockchain Association and Variant, serving as CEO. It received a donation of 1 million HYPE from the Hyper Foundation and focuses on promoting the compliant regulatory path of DeFi in the United States.
