Jake Chervinsky, CEO of the newly formed Hyperliquid Policy Center (HPC), has created a roadmap aimed at restructuring decentralized finance (DeFi) in the United States.
Hyperliquid Policy Center Pushes Clear DeFi Rules
Recently interview with Storm Chervinsky discussed both the center’s long-term goals and the broader regulatory landscape in Washington, where lawmakers and agencies are actively debating the future of digital assets.
Chervinsky described HPC as an independent research and advocacy organization dedicated to promoting clear and constructive rules for DeFi. He explained that its mission is to work directly with regulators to develop frameworks that allow Americans to participate in decentralized markets while maintaining appropriate oversight.
One of the primary priorities of the Hyperliquid Policy Center is to expand legal access to decentralized perpetuity. derivative marketsan area largely off-limits to US participants under current regulatory interpretations.
In addition to derivative access, HPC also aims to ensure that developers of decentralized protocols do not fall into regulatory categories reserved for traditional financial institutions.
In his opinion, open source developers create non-jailbreak DeFi tools should not act as money transmitters or financial intermediaries simply because others use their software.
HPC establishes three regulatory objectives
The interview also touched on broader crypto market structure legislation, which is currently stalled in Congress amid ongoing negotiations between the banking and crypto sectors over key regulations.
For HPC, one of the most important elements CLARITY Act is a clear protection for DeFi developers. Chervinsky said the center is actively advocating for language that protects developers of open-source and non-prioritary software from misrepresentation.
The leader also noted how real-world market activity can influence policy discussions. He pointed to the recent increase in trading volume in Hyperliquid over the weekend, which is related to HIP-3 activity.
With traditional financial markets closed, decentralized trading continued unabated, offering what he described as a practical demonstration of 24/7 advantages. blockchain-based infrastructure.
According to Chervinsky, examples like this resonate more strongly with politicians than abstract arguments about blockchain’s potential. Looking ahead, Chervinsky identified three indicators that will determine the success of HPC in the coming years.
The first is working with the Commodity Futures Trading Commission (CFTC) to create a way to allow US individuals and institutions to trade legally. eternal future on decentralized platforms like Hyperliquid.
A second goal is to pursue a similar regulatory framework through the SEC to allow regulation around perpetual capital. The third is to ensure passage of the CLARITY Act with stronger protections for DeFi developers included in the final text.
At the time of writing, Hyperliquid’s original token, HYPE, was trading at $30.44. That represented a 5% loss over the previous 24 hours, in line with the broader crypto market’s rebound after Wednesday’s brief rally.
Featured image from OpenArt, chart from TradingView.com
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