What to know:
- In a twist of fate, Hyperliquid’s token HYPE skyrocketed by 15% after the team decided to play nice with the CFTC. Who knew regulations could be so thrilling?
- Hyperliquid Labs, in a rare moment of clarity, praised the CFTC’s proactive approach and pushed for DeFi frameworks. Because who doesn’t love a good framework, right?
- This submission is like a beacon of hope, showing that DeFi can actually meet the standards of traditional markets. Shocking, I know!
On a fateful Thursday, Hyperliquid’s native token, HYPE, leaped 15%, leaving the broader crypto market in the dust. All thanks to the team’s formal love letters to the U.S. Commodity Futures Trading Commission (CFTC) about perpetual swaps and the joys of 24/7 crypto trading.
In a cheeky X post early Friday, Hyperliquid Labs announced they filed two comment letters, supporting the CFTC’s proactive stance. They urged regulators to embrace decentralized finance (DeFi) frameworks. Because who wouldn’t want safer, more efficient financial products? 🙄
This submission is a rare gem, showcasing a DeFi-native protocol engaging directly with U.S. regulators. It’s like watching a toddler take their first steps—adorable and a bit wobbly, but oh so necessary!
“We believe that Hyperliquid exemplifies how core DeFi principles can be put into practice to enhance market efficiency, integrity, and user protection,” the team wrote. “Supporting DeFi in the U.S. with open dialogue and a clear regulatory framework is an opportunity to ensure the U.S. remains a leader in financial innovation while robustly protecting users.” Sounds like a plan, right?
The following post is from Hyperliquid Labs
Hyperliquid Labs is committed to the advancement of DeFi and its promise in delivering a more open, transparent, and efficient financial system for all. As a contributor to the Hyperliquid blockchain, we believe in DeFi’s ability not…
— Hyperliquid (@HyperliquidX) May 23, 2025
The CFTC, in their infinite wisdom, requested public input on how to tackle crypto derivatives in a 24/7 trading environment. Because why not throw a party and invite everyone?
Hyperliquid, which operates its own high-performance, level-1 blockchain and supports permissionless perpetual trading, framed its submission as a case study. They claim decentralized infrastructure can meet, and maybe even exceed, the standards of traditional markets. Bold move, Cotton!
With on-chain volumes surging and whales like “James Wynn” placing billion-dollar bets on Hyperliquid, the spotlight is shining bright. Traders are betting that this early regulatory engagement could legitimize HYPE’s long-term upside. Fingers crossed! 🤞
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2025-05-23 13:22