TechFlow News, February 18: According to Fortune magazine, Hyperliquid—a decentralized derivatives exchange—has officially established the Hyperliquid Policy Center in Washington, D.C., with veteran crypto lawyer Jake Chervinsky serving as its inaugural CEO.
The Center aims to forge a legal pathway for the broad adoption of DeFi in the United States, help Congress and federal agencies understand the underlying technologies of DeFi, and provide expert support for regulatory rulemaking.
Chervinsky stated that the current regulatory framework was developed during the analog era and cannot accommodate novel trading formats such as decentralized protocols. One of the Center’s top priorities is to develop a legal framework for perpetual contracts. The Hyperliquid-affiliated foundation has donated one million of the platform’s native tokens, HYPE (valued at approximately $28 million at current market prices), to support the Center’s operations.
