Hyperliquid Launches $29M Nonprofit to Shape Decentralized Finance Regulation

Hyperliquid has launched a Washington-based nonprofit called the Hyperliquid Policy Center to advocate for regulatory frameworks governing decentralized finance. The organization will focus on creating rules for decentralized exchanges, perpetual futures markets, and blockchain-based market infrastructure.

The center is funded by a contribution of 1 million $HYPE tokens from the Hyper Foundation, worth approximately $29 million at current prices. This donation exceeds the funding of other crypto industry groups in Washington, including the Digital Chamber and the Blockchain Association.

Jake Chervinsky, a prominent crypto attorney and former policy head at the Blockchain Association, will serve as the founder and CEO of the Hyperliquid Policy Center. He believes that U.S. regulatory action is a binary choice between adopting frameworks for decentralized finance or watching other nations capture the opportunity.