Hyperliquid Pushes SEC and CFTC to Create Unified Rules for Perpetual Contracts

TLDR

• The Hyperliquid Policy Center has urged the SEC and CFTC to adopt a unified framework for classifying perpetual contracts
• The group argues contracts should be classified by their economic structure, not their underlying asset
• Hyperliquid’s HIP-3 markets have generated over $480 billion in trading volume in 10 months with $4 billion in open interest
• Traditional exchanges CME and ICE have raised concerns about Hyperliquid, with CME suing the CFTC in June over perpetual futures
• President Trump said the CFTC is working to bring Hyperliquid to the U.S. in a “fully compliant and legal fashion”

The Hyperliquid Policy Center has filed a comment letter asking U.S. regulators to build a shared framework for perpetual contracts. The group wants the SEC and CFTC to stop treating the same type of product differently depending on which agency oversees it.

LATEST: 🇺🇸 The Hyperliquid Policy Center is urging the SEC and CFTC to adopt a unified framework for perpetual contracts, arguing perps should be classified by economic structure rather than by underlying asset. pic.twitter.com/3XRagYWNRf

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