• Hyperliquid launches DeFi lobby amid ‘critical time’ for US policy The Hyperliquid Policy Center says it will advocate on Capitol Hill for policies, particularly those related to perpetual derivatives and blockchain infrastructure. • Cointelegraph in your social feed Crypto platform Hyperliquid has launched a new advocacy organization to push policy changes related to decentralized finance in Congress. • The Hyperliquid Policy Centersaidon Wednesday that it had launched in Washington, DC, and named Jake Chervinsky as founder and CEO, a veteran crypto lawyer who was the legal head at crypto venture fund Variant and former policy chief at crypto lobbyist Blockchain Association. • The organization said it will look to advance “a clear, regulated path for decentralized finance to thrive in the United States” and will push policy “with a specialty in perpetual derivatives and blockchain-based financial infrastructure.” Hyperliquid is a layer-1 blockchain andperpetual futuresexchange that has recently exploded in popularity as traders turned tocommodities tradingamid a broad market downturn, and the platform has looked toexpand into prediction markets. • The Hyper Foundation, an independent body that backsHyperliquid, will contribute 1 million Hyperliquid (HYPE) tokens to fund the policy center’s launch. • “Critical time” for policy, says Hyperliquid CEO Chervinsky said more traditional finance companies are launching blockchain-based products or services because the technology offers “efficiency, transparency, and resilience that legacy systems cannot match.” “This technology is poised to become the base layer of the global financial system,” he added.

Article Summaries:

  • Crypto platform Hyperliquid has launched a new advocacy organization to push policy changes related to decentralized finance in Congress. The Hyperliquid Policy Center said on Wednesday that it had launched in Washington, DC, and named Jake Chervinsky as founder and CEO, a veteran crypto lawyer who was the legal head at crypto venture fund Variant and former policy chief at crypto lobbyist Blockchain Association. The organization said it will look to advance “a clear, regulated path for decentralized finance to thrive in the United States” and will push policy “with a specialty in perpetual de

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