ChainCatcher report: According to Fortune magazine, the decentralized derivatives trading platform Hyperliquid 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 create a legal pathway for the widespread adoption of DeFi in the United States, helping Congress and federal agencies understand the underlying technology of DeFi and providing expert support for regulatory rulemaking. Chervinsky stated that the current regulatory framework was developed in the analog era and does not accommodate new forms of trading such as decentralized protocols. One of the center’s primary objectives is to establish a legal framework for perpetual contracts. The Hyperliquid-associated foundation has donated 1 million platform-native tokens (HYPE), currently valued at approximately $28 million, to support the center’s operations. Other founding team members include policy advisor Brad Bourque (former lawyer at Sullivan & Cromwell LLP) and policy director Salah Ghazzal (former head of policy at Variant). The center is currently hiring for roles such as Chief of Staff, Head of Communications, and Head of Government Relations.
Hyperliquid Launches DeFi Policy Center in Washington D.C., Led by Jake Chervinsky
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Summary
Hyperliquid has launched the Hyperliquid Policy Center in Washington, D.C., with Jake Chervinsky as CEO, focusing on advancing regulatory policy for DeFi. The center will assist federal agencies in understanding DeFi and help shape CFTC measures. Backed by 10 million HYPE tokens, valued at $28 million, from the Hyperliquid Foundation, the team includes Brad Bourque and Salah Ghazzal in advisory roles.
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