"In less than three years, Hyperliquid has become one of the dominant players in crypto trading, notching volumes that rival long-established exchanges like Binance and Coinbase. Now, the firm is looking to flex its political muscle too. On Wednesday, the Hyperliquid Policy Center launched in Washington, D.C. with the goal of creating a legal pathway for widespread decentralized finance, or DeFi, adoption in the United States."
"Chervinsky, though, made the case that there is a distinct role for the new center. "We're in a moment where the U.S. faces a large challenge to rewrite the rules for the new chapter of DeFi," Chervinsky told Fortune, explaining that the Hyperliquid center would seek to help Congress and federal agencies understand the technology underlying decentralized finance, and provide expertise to help regulators draft rules to incorporate it into the financial system."
Hyperliquid rapidly grew into a major crypto trading platform with volumes comparable to Binance and Coinbase. The company launched the Hyperliquid Policy Center in Washington, D.C. to establish legal pathways for broad DeFi adoption across the United States. Jake Chervinsky serves as inaugural CEO; he is a longtime cryptocurrency lawyer with roles at the Blockchain Association, Variant, and Baker McKenzie. The center plans to help Congress and federal agencies understand decentralized finance technology and to provide expertise for regulatory drafting. Regulators face challenges because existing structures were designed in an analog era and struggle to address decentralized automated trading and perpetual derivatives.
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