Hyperliquid co-founder Jeff met with policymakers in Washington to discuss the Clarity Act and advance regulatory compliance for on-chain derivatives. This is not only an expansion for Hyperliquid, but also the first direct confrontation between DeFi derivatives and traditional regulatory frameworks. Background: Hyperliquid has allowed users staking 500,000 HYPE to deploy any market, including energy futures, prompting alerts from ICE and CME, which are urging regulators to “curb” Hyperliquid’s energy trading. Jeff noted bipartisan attitudes as “cautious but open,” with a policy window emerging. If successful, Hyperliquid will become the first compliant on-chain derivatives market, attracting institutional capital; if unsuccessful, it may face stricter regulation or even restrictions on U.S. user access. Risks: Compliance could undermine DeFi’s decentralization, and Hyperliquid’s high-leverage mechanisms—such as whale positions with 10x long HYPE exposure—are vulnerable to cascading liquidations during market volatility. $hype #cme #defi #onchaindata #regulation