ChainCatcher report: In response to Bloomberg’s report regarding CME and ICE pressuring the CFTC over Hyperliquid, the Hyperliquid Policy Center—a lobbying organization led by renowned crypto lawyer Jake Chervinsky and funded by the Hyper Foundation—posted a reply on Twitter, stating that these concerns are unfounded. The organization emphasized that Hyperliquid publicly discloses complete on-chain transaction records in real time, offering far greater transparency than traditional exchanges, thereby strongly deterring insider trading and price manipulation, and aiding regulators and law enforcement in monitoring and investigations. Additionally, Hyperliquid provides 24/7 trading, effectively eliminating price gaps between traditional market open and close periods. The organization acknowledged that U.S. laws currently lack specific regulations for on-chain derivatives markets and pledged to continue collaborating with policymakers in Washington to establish an appropriate regulatory framework. Previously, the Hyperliquid Policy Center was established in Washington on February 18 of this year, with Jake Chervinsky, former Chief Legal Officer of the Blockchain Association and Variant, serving as CEO. It received a donation of 1 million HYPE tokens from the Hyper Foundation and is focused on advancing a compliant regulatory pathway for DeFi in the United States.
Hyperliquid Policy Center Responds to CME and ICE Regulatory Pressure
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Summary
Hyperliquid Policy Center pushes back against regulatory pressure from CME and ICE, calling the concerns baseless. The group emphasizes real-time on-chain records, offering greater transparency than traditional exchanges. This structure helps prevent insider trading and supports regulatory oversight. Hyperliquid also enables 24/7 trading, eliminating gaps between market sessions. The team notes the absence of U.S. regulations for on-chain derivatives and plans to engage with Washington. Traders monitoring altcoins to watch may see policy shifts influence market sentiment and the Fear & Greed Index.
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