Hyperliquid has officially entered the US policy arena with the launch of the Hyperliquid Policy Center, a lobbying and regulatory advisory group focused on decentralized finance (DeFi).
The center will be led by prominent crypto attorney Jake Chervinsky, which will be an important step as the industry becomes increasingly involved in Washington, D.C.
Hyperliquid Launches $28M DeFi Policy Center, Appoints Jake Chervinsky as CEO
Chervinsky, the inaugural CEO, brings extensive experience advocating for the crypto sector on Capitol Hill. He previously held senior positions at the Blockchain Association trading group and venture firm Variant, and was an associate at Baker McKenzie.
“We are at a moment where the US faces a major challenge in rewriting the rules for the new chapter of DeFi,” Fortune reported, citing Chervinsky.
He added that the center aims to help Congress and federal agencies understand DeFi technology and provide expertise for establishing regulatory frameworks that integrate DeFi into the broader financial system.
Current U.S. regulatory structures, Chervinsky notes, were built in an analog era and struggle to accommodate innovations like decentralized protocols. This allowed users to exchange assets on automated platforms without centralized control.
One of the center’s top priorities will be to design a legal framework for perpetual derivatives without expiration dates. According to Chervinsk, this offers simpler, more direct exposure to underlying assets compared to options or futures.
Perpetrators currently dominate the offshore crypto markets, but remain largely absent from the mainstream financial sector.
$28 million $HYPE Financing drives hyperliquidity during government bond expansion
To support its work, the Hyperliquid Foundation has donated 1 million of its indigenous funds $HYPE tokens, worth approximately $28 million, to finance the new center.
Chervinsky is part of the founding team:
- Policy advisor Brad Bourque, formerly of Sullivan & Cromwell LLP, and
- Policy director Salah Ghazzal, previously policy director at Variant.
The center is actively seeking positions for chief of staff, chief of communications and chief of government relations.
Meanwhile, the announcement comes just a week after Hyperliquid Strategies Inc. announced financial results highlighting an aggressive expansion of government bonds.
The publicly traded digital asset treasury has deployed $129.5 million to acquire an additional $5 million $HYPE tokens at an average price of $25.9 per token.
The report also noted significant paper losses related to recent crypto market volatility. It explains why even with the latest news the network’s token, $HYPEhas shown little movement.
$HYPE) Price Performance”>
Hyperfluid ($HYPE) Price performance. Source: BeInCrypto
Nevertheless, the Hyperliquid Policy Center notes a growing trend of crypto platforms moving from industry-agnostic advocacy to structured policy engagement.
While other groups like the DeFi Education Fund are already in place, Chervinsky argues that the new center will have a clear role:
“…providing Congress with technically informed guidance at a critical time for U.S. DeFi regulation,” he added.
The success of Hyperliquid’s $28 million policy could serve as a benchmark for how the industry balances innovation with regulatory compliance.
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