HPC stays on policy offensive with CFTC push to prioritize perpetual contracts
The Hyperliquid Policy Center (HPC) made its stance clear in a filing with the Commodity Futures Trading Commission (CFTC) on Thursday, August 27, 2026, pushing the regulator to prioritize perpetual contracts in its innovation agenda.
The HPC’s latest push drops another ping on the radar of US traders who have been shut out of a derivative market that has gone beyond $500 billion in offshore volume.
Perpetual contracts took over CFTC meeting
The statement arrives just after the CFTC held its first Innovation Advisory Committee meeting on August 20. Perpetual contracts were not a part of the main agenda.
The main agenda included digital assets, artificial intelligence, and prediction markets. However, members of the committee could not stop mentioning the topic of perpetual contracts in each of the three sessions, according to HPC.
HPC took this as proof of demand and decided to make four arguments in its statement:
- that perpetuals are critical to CFTC’s innovation work
- that they meet real hedging needs
- that a friendlier CFTC is presently bringing these markets onshore
- and that public blockchains can modernize derivative plumbing, thus rewriting the law.
Jake Chervinsky, chief executive of HPC, signed the statement, alongside senior counsel Brad Bourque. HPC submitted the statement to Commission Secretary Christopher Kirkpatrick.
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