HPC Submits Statement to CFTC Agricultural Advisory Committee, Advocating for Regulation of Perpetual Contracts

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On August 7 (UTC+8), the Hyperliquid Policy Center (HPC) submitted a statement to the CFTC Agricultural Advisory Committee, advocating for clearer cryptocurrency regulation. The statement outlined three key points: the need for greater market options for agricultural users, a phased approach to regulating perpetual contracts, and the role of public blockchains in modernizing infrastructure under the Commodity Exchange Act. HPC emphasized its ongoing collaboration with the agricultural sector to support U.S. government crypto regulation.

ME News reports that on August 7 (UTC+8), the Hyperliquid Policy Center published a statement noting its participation in the CFTC Agricultural Advisory Committee meeting and the submission of an official statement. The statement centered on three key points: first, agricultural end users require diversified market options, and historical bans on agricultural options have demonstrated the costs of excessive restrictions; second, the CFTC’s phased approach to perpetual contracts is the correct path, and end-user demand should drive the adoption of new derivatives; third, public blockchains help modernize clearing and settlement infrastructure while enhancing collateral liquidity and preserving the market integrity safeguards established by the Commodity Exchange Act. HPC stated it will continue collaborating with the agricultural community to promote the regulated implementation of perpetual contracts in the U.S. market. (Source: ChainCatcher)

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