Hyperliquid Launches New DeFi Policy Center In Washington DC
Synopsis
The report states that the policy center will legalize perpetual derivatives and help regulators write DeFi guidelines for the financial system.
Hyperliquid (HYPE) launched a DeFi-focused policy center in Washington, D.C., on Wednesday, led by prominent crypto lawyer Jake Chervinsky.
According to a Fortune report, the new organization, called the Hyperliquid Policy Center, aims to help Congress and federal agencies understand decentralized finance and support the development of legal frameworks for blockchain-based markets.
Chervinsky was previously appointed at the Blockchain Association and Variant Fund and served as the center’s inaugural CEO. The center is also set to create a legal pathway for perpetual derivatives and help regulators draft rules that incorporate DeFi into the broader financial system, according to the report.
Hyperliquid (HYPE) was trading at $29, down by 1.4% in the past 24 hours. On Stocktwits, the retail sentiment around HYPE remained in ‘extremely bearish’ territory, with chatter at ‘high’ levels over the past day.
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