Hyperliquid Policy Center Responds to Concerns Over CFTC Pressure

The Hyperliquid Policy Center, led by renowned crypto lawyer Jake Chervinsky and funded by the Hyper Foundation, has responded to concerns raised by Bloomberg regarding CME and ICE's pressure on the CFTC. According to Foresight News, the organization stated that these concerns lack basis. Hyperliquid provides complete on-chain transaction records in real-time, offering transparency that surpasses traditional exchanges and serving as a strong deterrent against insider trading and price manipulation. This transparency aids regulatory bodies and law enforcement in monitoring and investigations. Additionally, Hyperliquid offers 24-hour continuous trading, effectively eliminating price gaps between market open and close times in traditional markets. The organization acknowledged that current U.S. laws do not specifically address on-chain derivatives markets and expressed its commitment to collaborating with Washington policymakers to establish a regulatory framework. The Hyperliquid Policy Center was established in Washington on February 18, with Jake Chervinsky, former Chief Legal Officer at Blockchain Association and Variant, serving as CEO. The center received a donation of 1 million HYPE tokens from the Hyper Foundation and focuses on advancing compliance pathways for DeFi regulation in the United States.