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Hyperliquid Policy Center works to establish a lawful and regulated path for Americans to access onchain perpetual futures. In conversation with Grayscale, Jake Chervinsky, CEO of Hyperliquid Policy Center, explained that onchain markets go beyond benefitting individual traders. They can offer more efficient and more resilient market infrastructure than... show more

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24,352 views • 12 days ago •via X (Twitter)

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"We need to upgrade the laws and regulations in the US so that Americans — individuals and institutions — can trade on Hyperliquid." Jake Chervinsky Hyperliquid Policy Center

"We need to upgrade the laws and regulations in the US so that Americans — individuals and institutions — can trade on Hyperliquid." Jake Chervinsky Hyperliquid Policy Center

Digital Asset Summit 2026

16,793 views • 5 months ago

Perps are a better derivative. Prediction markets are a better product than sportsbooks. Americans can't access either onchain. That's the problem Jake Chervinsky (Hyperliquid Policy Center) is in Washington to fix. Jake Chervinsky, the CEO of Hyperliquid Policy Center, joins Mason Nystrom on Stateful to break down the current state of blockchain regulation in the U.S. In this episode, they cover: - The CLARITY Act: 90-95% done, August recess is the do-or-die deadline, and two sticking points remain. - The CFTC's crawl-walk-run path to regulated on-chain perps in the U.S. - CME sued the CFTC to block perp trading. Jake thinks they have the wrong side of the law. - Vegas doesn't want to lose its sports betting monopoly to prediction markets. The CFTC disagrees. - Tokens are for onchain value. Equity is for offchain value. Pick one. 00:00 Why Jake Joined the Hyperliquid Policy Center 04:57 The Path to Regulated On-Chain Perps in the U.S. 17:03 CME Sues the CFTC to Block Perp Trading 21:02 Prediction Markets vs Vegas: The CFTC Battle 26:29 The CLARITY Act: Status, Sticking Points, and the August Deadline

Perps are a better derivative. Prediction markets are a better product than sportsbooks. Americans can't access either onchain. That's the problem Jake Chervinsky (Hyperliquid Policy Center) is in Washington to fix. Jake Chervinsky, the CEO of Hyperliquid Policy Center, joins Mason Nystrom on Stateful to break down the current state of blockchain regulation in the U.S. In this episode, they cover: - The CLARITY Act: 90-95% done, August recess is the do-or-die deadline, and two sticking points remain. - The CFTC's crawl-walk-run path to regulated on-chain perps in the U.S. - CME sued the CFTC to block perp trading. Jake thinks they have the wrong side of the law. - Vegas doesn't want to lose its sports betting monopoly to prediction markets. The CFTC disagrees. - Tokens are for onchain value. Equity is for offchain value. Pick one. 00:00 Why Jake Joined the Hyperliquid Policy Center 04:57 The Path to Regulated On-Chain Perps in the U.S. 17:03 CME Sues the CFTC to Block Perp Trading 21:02 Prediction Markets vs Vegas: The CFTC Battle 26:29 The CLARITY Act: Status, Sticking Points, and the August Deadline

Pantera Capital

27,966 views • 1 month ago

Hyperliquid Is Set To Enter The US Market Imminently (Necessary Steps Explained) with Hyperliquid Policy Center CEO Jake Chervinsky Timestamps: 00:00 Intro 02:03 The Press Conference Surprise 04:03 Founding The Hyperliquid Policy Center 07:45 Why Perps Beat Traditional Futures 11:00 CFTC Already Approved Perps 14:16 Crawl Walk Run Approach 20:06 One Shared Liquidity Venue 22:25 HIP-3* Markets Explained 31:37 The Silver Market Breakout 34:03 Stablecoins And The Genius Act 36:12 Circle & Hyperliquid USDC Deal 41:16 Bottom Up Vs Top Down Regulation

Hyperliquid Is Set To Enter The US Market Imminently (Necessary Steps Explained) with Hyperliquid Policy Center CEO Jake Chervinsky Timestamps: 00:00 Intro 02:03 The Press Conference Surprise 04:03 Founding The Hyperliquid Policy Center 07:45 Why Perps Beat Traditional Futures 11:00 CFTC Already Approved Perps 14:16 Crawl Walk Run Approach 20:06 One Shared Liquidity Venue 22:25 HIP-3* Markets Explained 31:37 The Silver Market Breakout 34:03 Stablecoins And The Genius Act 36:12 Circle & Hyperliquid USDC Deal 41:16 Bottom Up Vs Top Down Regulation

The Rollup

163,256 views • 4 days ago

New episode with Jake Chervinsky and Mary-Catherine Lader out now! We discuss: - Hyperliquid's 24/7 markets - The Hyperliquid policy center - How Native Markets won USDH - Stablecoins, 2026 regulation & more! Timestamps: 00:00 Introduction 02:45 The Hyperliquid 24/7 Markets Thesis 06:02 Founding The Hyperliquid Policy Center 15:45 The State of DeFi Regulation 18:59 ZKsync Ad 19:34 The Hyperliquid USDH Proposal 29:59 Stablecoin Regulation In The US 38:05 The Hyperliquid 24/7 Markets Thesis 44:40 The Future of Stablecoins 57:53 Crypto Regulation In 2026 & Beyond

New episode with Jake Chervinsky and Mary-Catherine Lader out now! We discuss: - Hyperliquid's 24/7 markets - The Hyperliquid policy center - How Native Markets won USDH - Stablecoins, 2026 regulation & more! Timestamps: 00:00 Introduction 02:45 The Hyperliquid 24/7 Markets Thesis 06:02 Founding The Hyperliquid Policy Center 15:45 The State of DeFi Regulation 18:59 ZKsync Ad 19:34 The Hyperliquid USDH Proposal 29:59 Stablecoin Regulation In The US 38:05 The Hyperliquid 24/7 Markets Thesis 44:40 The Future of Stablecoins 57:53 Crypto Regulation In 2026 & Beyond

Empire 🟪

13,950 views • 6 months ago

Hyperliquid $HYPE doesn't follow Wall Street's rules. 24/7 trading and perpetual futures with no expiry. Grayscale's Krista Lynch joined FINTECH.TV at the NYSE to share more about $HYPG, the Largest Hyperliquid Staking ETP¹.

Hyperliquid $HYPE doesn't follow Wall Street's rules. 24/7 trading and perpetual futures with no expiry. Grayscale's Krista Lynch joined FINTECH.TV at the NYSE to share more about $HYPG, the Largest Hyperliquid Staking ETP¹.

Grayscale

46,374 views • 1 month ago

“Two major regulatory unlocks may impact the future performance of Hyperliquid” says Zach Pandl on Paul Barron Network ↳ CFTC approval of perpetual futures ↳ U.S. access to decentralized exchanges Get exposure to $HYPE with $HYPG, with a low fee of 0.29%*

“Two major regulatory unlocks may impact the future performance of Hyperliquid” says Zach Pandl on Paul Barron Network ↳ CFTC approval of perpetual futures ↳ U.S. access to decentralized exchanges Get exposure to $HYPE with $HYPG, with a low fee of 0.29%*

Grayscale

20,971 views • 3 months ago

We're at a pivotal moment for onchain finance, and Aptos is front and center. The first FCA-regulated digital securities exchange, Archax, has integrated with Aptos to bring over 100 regulated assets onchain. Archax's CEO, Graham, delivers the story in this interview 🎥

We're at a pivotal moment for onchain finance, and Aptos is front and center. The first FCA-regulated digital securities exchange, Archax, has integrated with Aptos to bring over 100 regulated assets onchain. Archax's CEO, Graham, delivers the story in this interview 🎥

Aptos

15,852 views • 5 months ago

Multicoin Capital recently invested over $100M in $HYPE. Spencer Applebaum, GP at Multicoin Capital, tells Grayscale what attracted them to Hyperliquid. It seeks to generate real cash flow, unlike crypto assets driven by speculation. For investors interested in Hyperliquid, the Grayscale Hyperliquid Staking ETF ($HYPG) is the largest $HYPE fund on the market¹.

Multicoin Capital recently invested over $100M in $HYPE. Spencer Applebaum, GP at Multicoin Capital, tells Grayscale what attracted them to Hyperliquid. It seeks to generate real cash flow, unlike crypto assets driven by speculation. For investors interested in Hyperliquid, the Grayscale Hyperliquid Staking ETF ($HYPG) is the largest $HYPE fund on the market¹.

Grayscale

38,107 views • 26 days ago

CFTC Mike Selig laid out an exciting roadmap for the Commission's top priorities at Milken Institute's Future of Finance 2026 today: "I view Project Crypto as a historic initiative between the agencies to upgrade and modernize our rules and regulations and future-proof them for technologies like crypto...." "Many of the firms want to move onchain. The prior administration drove a lot of these firms and the liquidity offshore. The perpetuals markets are a great example of this. We've had perpetual futures contracts in crypto assets for a very long time[,] but they've developed offshore[.] We've got to bring that back to the United States. We need to have that liquidity here in the U.S...." "We're working towards getting perpetual futures, true perpetual futures, not long-dated contracts, here in the U.S. within the next month or so.... We're also working towards onchain markets, so we're looking to have clear guidance as to what sort of digital wallets would implicate our regulations. The prior administration really went after firms that were just offering software products...." "We're also working towards regulations that accommodate onchain software systems, so decentralized finance protocols and other types of blockchain networks.... We're going to make sure it's very clear as to what implicates the CFTC's regulations and what doesn't, and to the extent that an onchain software system or front-end does implicate our rules or regulations, we're modernizing and future-proofing those rules so that there's a place for all of that." HPC applauds Chairman Selig's forward-thinking approach to regulation and stands ready to support his crucial work ensuring that decentralized markets for perpetual derivatives thrive in the United States. 🇺🇸

CFTC Mike Selig laid out an exciting roadmap for the Commission's top priorities at Milken Institute's Future of Finance 2026 today: "I view Project Crypto as a historic initiative between the agencies to upgrade and modernize our rules and regulations and future-proof them for technologies like crypto...." "Many of the firms want to move onchain. The prior administration drove a lot of these firms and the liquidity offshore. The perpetuals markets are a great example of this. We've had perpetual futures contracts in crypto assets for a very long time[,] but they've developed offshore[.] We've got to bring that back to the United States. We need to have that liquidity here in the U.S...." "We're working towards getting perpetual futures, true perpetual futures, not long-dated contracts, here in the U.S. within the next month or so.... We're also working towards onchain markets, so we're looking to have clear guidance as to what sort of digital wallets would implicate our regulations. The prior administration really went after firms that were just offering software products...." "We're also working towards regulations that accommodate onchain software systems, so decentralized finance protocols and other types of blockchain networks.... We're going to make sure it's very clear as to what implicates the CFTC's regulations and what doesn't, and to the extent that an onchain software system or front-end does implicate our rules or regulations, we're modernizing and future-proofing those rules so that there's a place for all of that." HPC applauds Chairman Selig's forward-thinking approach to regulation and stands ready to support his crucial work ensuring that decentralized markets for perpetual derivatives thrive in the United States. 🇺🇸

Hyperliquid Policy Center

72,617 views • 6 months ago

Onchain lending began with borrowing against Bitcoin and Ethereum, then evolved to looping and liquid staking tokens. The next frontier: bringing real-world credit products onchain, drawn by yields above the fed funds rate. Protocols like Aave Aave are leading onchain lending with a cheaper cost of capital, according to our conversation with Luigi D'Onorio DeMeo.

Onchain lending began with borrowing against Bitcoin and Ethereum, then evolved to looping and liquid staking tokens. The next frontier: bringing real-world credit products onchain, drawn by yields above the fed funds rate. Protocols like Aave Aave are leading onchain lending with a cheaper cost of capital, according to our conversation with Luigi D'Onorio DeMeo.

Grayscale

16,010 views • 2 months ago

How is regulated blockchain infrastructure reshaping capital markets? In the latest episode of Onchain Economy, Marius of Axiology joins to discuss their work building institutional-grade digital asset infrastructure on the XRPL. They're making finance more efficient by prioritizing compliance and trust. 🔒 Tune in:

How is regulated blockchain infrastructure reshaping capital markets? In the latest episode of Onchain Economy, Marius of Axiology joins to discuss their work building institutional-grade digital asset infrastructure on the XRPL. They're making finance more efficient by prioritizing compliance and trust. 🔒 Tune in:

RippleX

50,058 views • 10 months ago

CZ on Trump's Push to Bring Hyperliquid to the U.S.: A Win for the Entire Crypto Industry Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB said at the Wyoming Blockchain Symposium 2026 on August 19 that President Trump had mentioned CFTC Chairman Michael Selig was working to bring Hyperliquid into the U.S. market, potentially opening an important path for decentralized trading services. CZ said that if this model is allowed in the U.S., the benefits would extend beyond Hyperliquid, with more perpetual DEXs and decentralized services likely to follow. International centralized exchanges could also benefit from deeper U.S. liquidity and better execution prices for crypto users.

CZ on Trump's Push to Bring Hyperliquid to the U.S.: A Win for the Entire Crypto Industry Binance founder Changpeng Zhao (CZ) CZ 🔶 BNB said at the Wyoming Blockchain Symposium 2026 on August 19 that President Trump had mentioned CFTC Chairman Michael Selig was working to bring Hyperliquid into the U.S. market, potentially opening an important path for decentralized trading services. CZ said that if this model is allowed in the U.S., the benefits would extend beyond Hyperliquid, with more perpetual DEXs and decentralized services likely to follow. International centralized exchanges could also benefit from deeper U.S. liquidity and better execution prices for crypto users.

Wu Blockchain

59,568 views • 20 days ago

Aave Aave V4 has surpassed $200M in deposits, just ~3 months after launch. Designed to centralize liquidity and bring traditional assets like RWAs onchain, V4 is building the infrastructure for institutional DeFi. Luigi D'Onorio DeMeo sits down with Grayscale to break down what a scaled rollout for V4 looks like.

Aave Aave V4 has surpassed $200M in deposits, just ~3 months after launch. Designed to centralize liquidity and bring traditional assets like RWAs onchain, V4 is building the infrastructure for institutional DeFi. Luigi D'Onorio DeMeo sits down with Grayscale to break down what a scaled rollout for V4 looks like.

Grayscale

43,292 views • 2 months ago

"Hyperliquid is changing the conversation with institutional investors" Grayscale’s Head of Research Zach Pandl via Cointelegraph $HYPG is trading today with a low fee of just 0.29%* Hyperliquid.

"Hyperliquid is changing the conversation with institutional investors" Grayscale’s Head of Research Zach Pandl via Cointelegraph $HYPG is trading today with a low fee of just 0.29%* Hyperliquid.

Grayscale

32,031 views • 2 months ago

“@Hyperliquidx is bringing the story of perpetual futures to traditional markets” @lowbeta joined Yahoo Finance to talk $HYPE. $HYPG offers exposure to HYPE with staking, at a low 0.29% fee*

“@Hyperliquidx is bringing the story of perpetual futures to traditional markets” @lowbeta joined Yahoo Finance to talk $HYPE. $HYPG offers exposure to HYPE with staking, at a low 0.29% fee*

Grayscale

18,428 views • 3 months ago

What's next for the CLARITY Act? Grayscale Chief Legal Officer @craigsalm sat with Kristin Smith, President of Solana Policy Institute to discuss where the crypto market legislation stands.

What's next for the CLARITY Act? Grayscale Chief Legal Officer @craigsalm sat with Kristin Smith, President of Solana Policy Institute to discuss where the crypto market legislation stands.

Grayscale

138,675 views • 3 months ago

Hyperliquid entered the Congressional record for the first time today. Mike Selig testified before the House Agriculture Committee and received a question about "decentralized exchanges like Hyperliquid." He said: "[O]ur goal is always going to be to onshore those markets and to have the markets subject to our regulation here in the United States and accessible to our U.S. persons here in the U.S. ..." We appreciate Chairman Selig's commitment to ensuring Americans can benefit from decentralized markets. It will take some effort to adapt the commodities laws, but we're confident this CFTC and its capable staff are up to the task.

Hyperliquid entered the Congressional record for the first time today. Mike Selig testified before the House Agriculture Committee and received a question about "decentralized exchanges like Hyperliquid." He said: "[O]ur goal is always going to be to onshore those markets and to have the markets subject to our regulation here in the United States and accessible to our U.S. persons here in the U.S. ..." We appreciate Chairman Selig's commitment to ensuring Americans can benefit from decentralized markets. It will take some effort to adapt the commodities laws, but we're confident this CFTC and its capable staff are up to the task.

Hyperliquid Policy Center

65,447 views • 4 months ago

Crypto ETFs are changing who can access digital assets and XRP is directly in that flow. In this episode of Onchain Economy, rayhaneh, Head of Product and Research Grayscale, explains how regulated products are opening the door to XRP at scale. Watch now: She covers: ↳ How ETFs lower the barrier to crypto exposure ↳ XRP’s role in institutional digital asset portfolios ↳ What broader access means for the onchain economy The infrastructure is built. The products are live. The doors are open.

Crypto ETFs are changing who can access digital assets and XRP is directly in that flow. In this episode of Onchain Economy, rayhaneh, Head of Product and Research Grayscale, explains how regulated products are opening the door to XRP at scale. Watch now: She covers: ↳ How ETFs lower the barrier to crypto exposure ↳ XRP’s role in institutional digital asset portfolios ↳ What broader access means for the onchain economy The infrastructure is built. The products are live. The doors are open.

RippleX

58,652 views • 5 months ago

Traditional finance is moving onchain. Chainlink $LINK is powering it. Blockchains need real-world data to function as financial rails: equity prices, interest rates, foreign exchange, and more. Grayscale Head of Research Zach Pandl shares why Chainlink is the infrastructure making that possible. Grayscale Chainlink Trust ETF $GLNK offers investors exposure to $LINK without the hassle of directly buying, storing, or safekeeping it.

Traditional finance is moving onchain. Chainlink $LINK is powering it. Blockchains need real-world data to function as financial rails: equity prices, interest rates, foreign exchange, and more. Grayscale Head of Research Zach Pandl shares why Chainlink is the infrastructure making that possible. Grayscale Chainlink Trust ETF $GLNK offers investors exposure to $LINK without the hassle of directly buying, storing, or safekeeping it.

Grayscale

48,057 views • 1 month ago