The newly appointed chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, has hinted that the United States is close to introducing a regulatory framework that will allow perpetual crypto futures to be traded on the ground.
This move, if completed in the coming weeks as proposed, could change the digital asset derivatives market and potentially create a significant opportunity for Hyperliquid (HYPE), one of the fastest growing platforms in the perpetual segment.
CFTC Plan to Bring Crypto Perps Back to US
Speaking On Tuesday at the Milken Institute’s Future of Finance conference, Selig said the CFTC plans to establish rules for perpetual crypto futures contracts — instruments that allow traders to hold leveraged exposure to digital assets indefinitely.
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While these products have been around for years, they have mostly operated on offshore exchanges in territories such as Asia, Europe and the Bahamas. According to Selig, the United States should “recapture” the liquidity it previously migrated abroad. regulatory conditions.
Selig framed the initiative as part of a broader modernization effort, describing the “Crypto Project” as a historic interagency effort designed to modernize and future-proof financial laws for emerging technologies.
“We’re working to get perpetual futures, real perpetual, not long-term contracts, here in the U.S. over the next month,” Selig said.
In addition to perpetual futures, Selig said regulators are learning how to accommodate decentralized finance (DeFi) protocols and blockchain systems within existing regulations.
The Hyperliquid Policy Center supports Selig’s push
The possible confirmation of perpetual crypto futures in the US has attracted the attention of Hyperliquid. decentralized exchange (DEX), which has quickly gained popularity in the global perps market.
Just two weeks ago, the Hyperliquid Policy Center (HPC) was launched with a grant of 1 million HYPE tokens. The center’s mandate includes working directly with lawmakers and regulators to help shape clear rules for perpetual derivatives in decentralized markets.
After Selig’s announcement, the newly formed political group publicly welcomed the regulatory direction. HPC said It supports the chairman’s visionary position and has expressed a willingness to help ensure that permanent decentralized derivatives markets develop within the United States.
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As before reported by Bitcoinist, one of the main goals of the center is to provide a certain legal structure for perpetual derivatives. Perpetual contracts offer practical advantages over traditional futures and options, said Jake Chervinsky, who runs the Hyperliquid Policy Center.
According to him, perps are simpler in design and have more influence on real crypto assets. However, without regulatory clarity, they have struggled to gain traction in the US market.
The activity on the eternal platforms increased from the end of 2025, and the total monthly volume reached 829 billion dollars. Analysts expect that number to rise further if US regulators approve continued domestic crypto futures trading under new CFTC guidance.
At the time of writing, Hyperliquid’s underlying token, HYPE, was trading at $31.77, having recorded a 2.4% loss over the previous 24 hours. However, the token is one of the few to show long-term gains, with a year-to-date gain of 74%, according to CoinGecko. information.
Featured image from OpenArt, chart from TradingView.com
