HPC Calls on CFTC to Allow Energy Perpetual Futures Trading in US

The Hyperliquid Policy Center (HPC) and TradeXYZ have called on the US Commodity Futures Trading Commission (CFTC) to create a regulatory framework that would allow perpetual futures tied to energy assets such as crude oil to trade in the US.

In a comment letter to the CFTC, HPC and TradeXYZ argued that 24-hour on-chain markets can serve as a risk-management tool during disruptions in energy markets. They pointed to energy-market turmoil earlier this year after US and Israeli strikes on Iran, which caused supply-chain disruptions in the Middle East.

The two groups said they are not proposing to replace traditional dated futures with perpetual contracts, but rather allow the two products to trade alongside each other under regulation. HPC also submitted a letter to the CFTC and the US Securities and Exchange Commission (SEC) calling for coordination between the two agencies on perpetual futures oversight.

HPC emphasized that President Donald Trump recently cited CFTC Commissioner Michael Selig's effort to bring Hyperliquid to the US market in a 'fully compliant and legal manner'. The group said it is focused on giving US market participants access to on-chain perpetual futures markets under the supervision of US authorities.