Market News

US Crypto Platform Hyperliquid Launches Lobbying Efforts Ahead of Elections

Hyperliquid, a prominent player in the decentralized finance (DeFi) sector, has established a new lobbying group ahead of the upcoming U.S. elections.

Named the Hyperliquid Policy Center (HPC), the group aims to address critical policy questions related to perpetual derivatives and the broader DeFi landscape.

To fund this initiative, Hyperliquid plans to unstake 1 million HYPE tokens, valued at approximately $29 million.

The policy center will be led by Jake Chervinsky, a well-respected lawyer known for his support of cryptocurrency and DeFi.

Hyperliquid's founder, Jeff Yan, emphasized the importance of education and advocacy in shaping laws that protect both users and innovators in the financial space.

He noted that global financial regulations are likely to be influenced by developments in the United States, making the lobbying efforts particularly crucial.

The platform, which has been operational for three years, is not only outpacing competitors like Binance and Coinbase but has also diversified into non-crypto assets, now constituting over 30% of its trading volume.

Despite its success, Hyperliquid faces scrutiny over potential regulatory risks, including allegations of traders engaging in tax evasion.

Industry experts warn that the platform’s growth could be jeopardized by increasing regulatory pressures, especially if political dynamics shift with the Democrats gaining control of Congress in the midterms.

As the 2026 elections approach, Hyperliquid’s proactive lobbying move may be essential to navigate an uncertain regulatory landscape.