Hyperliquid Launches DeFi Lobbying Group with $29 Million Support
- Hyperliquid (HYPE) processed over $250 billion in perpetual futures trading last month.
- The new DeFi lobbying group, the Hyperliquid Policy Center, is based in Washington, D.C.
- Jake Chervinsky, a notable crypto lawyer, will lead the organization as CEO.
- The Hyper Foundation is contributing approximately $29 million in HYPE tokens to fund the initiative.
- The organization aims to influence regulatory frameworks for decentralized exchanges and blockchain infrastructure.
As Congress discusses oversight of crypto trading platforms and derivatives markets, the Hyperliquid Policy Center seeks to advocate for rules that support innovation in DeFi. This move comes amid a crowded landscape of similar organizations focused on shaping U.S. cryptocurrency policy.
With over $250 billion in trading volume last month, Hyperliquid is positioning itself as a key player in influencing future regulations for decentralized finance.(Source)
