Pro Exclusive | How Trump Found Out About Hyperliquid

On April 21, 2025, the U.S. Commodity Futures Trading Commission (CFTC) raised two issues. The first one: How to regulate perpetual contracts? The second one: What happens if the market operates 24/7, including trading, clearing, margin, and risk control? A perpetual contract, or perp for short, is a futures contract without an expiration date. You can hold it for as long