Hyperliquid Policy Center Submits Statement to CFTC, Calls for Support of On-Chain Perpetual Futures Innovation

BlockBeats News, August 7th, the Hyperliquid Policy Center (HPC) announced that it has submitted a policy statement to the Agricultural Advisory Committee of the U.S. Commodity Futures Trading Commission (CFTC), supporting U.S. user participation in on-chain derivative markets and calling on regulators to take a progressive approach to promote the development of innovative products such as Perpetual Futures.

In the submitted statement, HPC made three key points:

1. Market choice is crucial for risk management, and users in the agricultural and other derivative markets need more tool options. Past experiences where market choices were restricted have shown that closing off market choices without thorough evaluation may bring costs.

2. A phased approach by the CFTC to regulate Perpetual Futures is a reasonable direction. HPC stated that the development of new derivatives should be driven by end-user demand rather than solely relying on regulatory presets.

3. Public blockchains can enhance financial infrastructure efficiency. HPC believes that blockchain technology can promote the modernization of clearing and settlement systems, improve collateral liquidity, all while continuing to comply with the requirements of the Commodity Exchange Act regarding market integrity and risk protection.