Hyperliquid’s native token, HYPE, jumped 15% within 24 hours, outperforming major cryptocurrencies after the team announced they submitted formal comments to the U.S. Commodity Futures Trading Commission (CFTC) regarding upcoming regulations on perpetual swaps and around-the-clock crypto trading.
In a post on X early Friday, Hyperliquid Labs disclosed the submission of two comment letters supporting the CFTC’s proactive approach while urging regulators to incorporate decentralized finance (DeFi) principles to build safer, more transparent, and more efficient financial products.
This direct interaction between a DeFi-native protocol and U.S. regulators is a rare development that highlights the sector’s increasing maturity and the urgent need for regulatory frameworks that promote innovation.
“Our platform exemplifies how core DeFi principles can enhance market integrity, efficiency, and user protection,” Hyperliquid said. “Encouraging open dialogue and clear regulation around DeFi in the U.S. is critical to sustaining the nation’s leadership in financial innovation while safeguarding users.”
The CFTC had sought public input on the regulation of crypto derivatives traded in a 24/7 environment. Hyperliquid, operating its own high-speed layer-1 blockchain and enabling permissionless perpetual trading, presented its platform as a model for decentralized infrastructure that can meet, and even surpass, traditional market standards.
With increasing on-chain volumes and whales like “James Wynn” reportedly placing billion-dollar trades on the protocol, market attention on Hyperliquid is intensifying. Traders are betting that this early regulatory engagement will bolster HYPE’s credibility and support its long-term growth trajectory.
