ChainThink reports that on August 26, according to an official announcement, the Hyperliquid Policy Council (HPC) and TradeXYZ jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), urging the inclusion of energy perpetual contracts in regulated U.S. markets.
In mid-February this year, during the disruption of crude oil exports due to events in the Middle East and the closure of the U.S. futures market, offshore market participants were already able to manage their exposure through crude oil-linked perpetual contracts on Hyperliquid, with approximately two-thirds of price movements settled on-chain over the first weekend.
In May, the CFTC approved the first crypto asset-backed perpetual contracts for trading as futures in the U.S., and in June, it sought public comment on energy-related perpetual contracts.
The comment letter recommends that the CFTC establish a technology-neutral framework to evaluate energy perpetual contracts and 24/7 trading, affirming that exchanges may operate around the clock, recognizing stablecoins and tokenized collateral as eligible margin, and permitting regulated markets to use on-chain infrastructure for execution, clearing, and settlement.