The Hyperliquid Policy Center is pushing back against what it calls unfounded concerns from CME Group and Intercontinental Exchange. The traditional exchanges have reportedly been lobbying lawmakers to bring Hyperliquid under U.S. derivatives oversight, citing risks of market manipulation-especially in global oil markets.
Hyperliquid argues its platform offers superior transparency through a complete onchain record of every transaction, making it harder to use for insider trading or price manipulation. The Policy Center says 24/7 trading improves price discovery by reducing gaps between traditional market hours.
Founder Jeff Yan said he spent the past week in Washington meeting policymakers as the CLARITY Act advances. He described bipartisan support for thoughtful crypto regulation and expressed optimism about creating a regulated path for Americans to access onchain derivatives markets.
The debate comes as institutional interest grows. 21Shares launched a Hyperliquid ETF this week, while Bitwise’s ETF began trading on the NYSE. HYPE is trading near $44.40, up 0.5% on the day.