Hyperliquid Policy Center officially established in Washington, D.C.

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Hyperliquid Policy Center was officially established in Washington, D.C., with Jake Chervinsky serving as the first CEO. The center aims to promote widespread adoption of DeFi in the United States and develop relevant legal frameworks. The center focuses on advocating for a regulatory framework for perpetual derivatives (perps), which are considered simpler than options and futures and provide direct asset exposure. Currently, these are mainly traded on offshore crypto exchanges. The Hyperliquid affiliated foundation donated 1 million HYPE tokens (currently valued at approximately $28 million) to support the center’s operations. The founding team includes policy advisor Brad Bourque (former Sullivan & Cromwell lawyer) and policy director Salah Ghazzal (former head of policy at Variant). (Fortune)

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