Hyperliquid Lobbying Organization Welcomes CFTC Approval of US First Ever Perpetual Contract, Says Regulation Acknowledges Perp Market Value

BlockBeats News, May 29th, Hyperliquid lobbying group Hyperliquid Policy Center published a welcome the latest regulatory measures by the Commodity Futures Trading Commission (CFTC), including approving the first-ever listed perpetual contract in the United States, releasing a policy statement on perpetual derivatives listing, related interpretative guidance and a no-action relief letter, as well as a staff advisory on 24/7 trading, clearing, and settlement.

The Hyperliquid Policy Center stated that these measures mark the regulatory authorities' first clear recognition of the legitimacy and importance of perpetual contracts in price discovery and risk management. It pointed out that past regulatory uncertainty has led market activity and liquidity to flow overseas, weakening the U.S.'s competitiveness in the global derivatives market.

The Hyperliquid Policy Center also expressed its expectation to deepen cooperation with the CFTC and promote the establishment of a regulatory framework applicable not only to centralized intermediaries but also to on-chain protocols. Currently, the majority of perpetual contract trading activity actually occurs in on-chain markets.