Hyperliquid’s native token, HYPE, surged 15% in the past 24 hours, outperforming major cryptocurrencies, following the team’s announcement that it submitted formal feedback to the U.S. Commodity Futures Trading Commission (CFTC) on proposed regulations for perpetual swaps and 24/7 crypto trading.
In a statement posted on X early Friday, Hyperliquid Labs revealed it had filed two comment letters endorsing the CFTC’s proactive approach while urging regulators to adopt decentralized finance (DeFi) principles as a foundation for developing safer and more efficient financial products.
This direct engagement with U.S. regulators marks a significant milestone for a DeFi-native protocol, reflecting growing sector maturity and the urgent need to influence policy frameworks in favor of innovation.
“We believe Hyperliquid demonstrates how core DeFi concepts can improve market efficiency, integrity, and user protection,” the team wrote. “Supporting DeFi in the U.S. through open dialogue and clear regulations presents an opportunity to keep America at the forefront of financial innovation while safeguarding users.”
The CFTC had solicited public comments on regulating crypto derivatives within a continuous trading environment. Hyperliquid, which operates its own high-performance layer-1 blockchain and enables permissionless perpetual trading, positioned its submission as a model for how decentralized infrastructure can meet — and potentially exceed — traditional market standards.
With on-chain trading volumes climbing and notable whales such as “James Wynn” reportedly placing billion-dollar bets on the platform, attention on Hyperliquid is intensifying. Traders are optimistic that the project’s early regulatory dialogue could strengthen HYPE’s long-term growth prospects and boost its credibility in the market.
