Hyperliquid starts DeFi lobbying group with $29 million token backing

Jake Chervinsky, CEO of the Hyperliquid Policy Center, said markets are migrating to blockchain, and the U.S. request to follow caller rules of hazard being near behind.

Feb 18, 2026, 3:07 p.m.

Hyperliquid (HYPE), a blockchain-based speech that processed much than $250 cardinal successful perpetual futures trading past month, has launched a U.S. lobbying and probe limb aimed astatine shaping however lawmakers modulate decentralized concern (DeFi).

The Hyperliquid Policy Center, a Washington, D.C.-based nonprofit, volition absorption connected regulatory frameworks for decentralized exchanges, perpetual futures and blockchain-based marketplace infrastructure, according to a Wednesday property release.

Jake Chervinsky, a salient crypto lawyer and erstwhile argumentation caput astatine the Blockchain Association, volition service arsenic laminitis and CEO.

The motorboat comes arsenic Congress and national agencies statement however to oversee crypto trading platforms and derivatives markets. Perpetual futures, which let traders to clasp leveraged positions without an expiration date, are wide utilized connected offshore venues but stay a grey country nether U.S. law.

The accomplishment of a caller radical besides represents conscionable the latest entrant into a Washington crypto-policy country that's jammed with akin organizations, including the DeFi Education Fund and Solana Policy Institute, successful summation to the broader groups specified arsenic the Digital Chamber, Blockchain Association and Crypto Council for Innovation. And the caller enactment lands arsenic dialog is good underway connected Senate authorities that whitethorn acceptable U.S. DeFi policy.

Hyperliquid operates a decentralized speech that lets users commercialized perpetual futures straight connected blockchain rails without a cardinal intermediary. Instead of routing trades done a accepted broker oregon clearinghouse, transactions settee onchain.

The level has emerged arsenic 1 of the fastest-growing venues successful crypto derivatives. It handled much than $250 cardinal successful perpetual trading measurement and $6.6 cardinal spot measurement implicit the past month, DefiLlama data shows.

"Financial markets are migrating onto nationalist blockchains due to the fact that they connection efficiency, transparency and resilience that bequest systems cannot match," Chervinsky said successful a statement.

"Now the United States indispensable choose: We tin either follow caller rules that let this innovation to flourish present astatine home, oregon we tin hold and ticker arsenic different nations prehend the opportunity," helium added.

The caller argumentation radical plans to little lawmakers, people method probe and advocator for rules tailored to decentralized systems, the property merchandise said.

The Hyper Foundation, which supports the Hyperliquid ecosystem, is contributing 1 cardinal HYPE tokens, worthy astir $29 million, to money the launch. While that's little than was committed to the launch past twelvemonth of the Ripple-backed National Cryptocurrency Association, it's overmuch much than the $5.6 cardinal the Digital Chamber spent successful 2024 oregon the $8.3 cardinal spent by the Blockchain Association, according to nationalist filings.

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