Jake Chervinsky, CEO of the newly formed Hyperliquid Policy Center (HPC), has laid out a policy roadmap aimed at reshaping how decentralized finance (DeFi) is regulated in the United States.
Hyperliquid Policy Center Pushes For Clear DeFi RulesChervinsky described HPC as an independent research and advocacy organization dedicated to promoting clear and constructive rules for DeFi. Its mission, he explained, is to work directly with regulators to craft frameworks that allow Americans to participate in decentralized markets while maintaining appropriate oversight.
Beyond derivatives access, HPC is also focused on ensuring that developers building decentralized protocols are not swept into regulatory categories meant for traditional financial institutions.
HPC Sets Three Regulatory GoalsThe interview also touched on the broader crypto market structure legislation, which is currently stuck in a deadlock in Congress amid ongoing negotiations between the banking and crypto sectors over key provisions.
The executive also highlighted how real-world market activity can influence policy discussions. He pointed to a recent surge in trading volume on Hyperliquid during a weekend marked by activity tied to HIP-3.
According to Chervinsky, examples like this resonate more strongly with policymakers than abstract arguments about blockchain’s potential. Looking ahead, Chervinsky outlined three benchmarks that would define success for HPC in the coming years.
The second goal involves pursuing a similar regulatory framework through the SEC to enable rulemaking around equity perpetuals. The third is securing passage of the CLARITY Act with robust protections for DeFi developers included in the final text.
At the time of writing, Hyperliquid’s native token, HYPE, was trading at $30.44. This represented a 5% loss over the previous 24 hours, in line with the broader crypto market’s retracement following a brief surge on Wednesday.
Featured image from OpenArt, chart from TradingView.com
