Hyperliquid Ramps Up Lobbying Efforts in Bid to Bring Perpetual Futures to US Markets

Hyperliquid is pushing for regulatory clarity in the US to launch perpetual futures trading. The company has stepped up its lobbying efforts with US regulators, seeking a compliant path to bring perps to the country. Currently, perps do not fit neatly under the Commodity Exchange Act, which sets rules for derivatives traded on registered venues.

Hyperliquid is operating offshore due to regulatory constraints and has been funding outreach efforts in Washington D.C. to effect a regulation change that allows for a clear path to introduce perps in US markets. The Hyperliquid Policy Center, funded by the Hyper Foundation, has been running policy research and advocacy in Washington D.C. with the aim of creating a regulated access framework for on-chain perpetual contracts and decentralized market infrastructure inside the United States.

US regulators are already adjusting to accommodate perpetual-style products inside compliant structures. In May, the Commodity Futures Trading Commission (CFTC) approved the listing of a perpetual contract tied to the spot price of Bitcoin, with future plans to review perpetual contracts tied to other assets on a case-by-case basis.