Techub News reports that the decentralized derivatives trading platform Hyperliquid has officially established the Hyperliquid Policy Center in Washington, D.C. The center is led by veteran crypto attorney Jake Chervinsky as the first CEO. The goal of the center is to create a legal pathway for the widespread adoption of DeFi in the United States, helping Congress and federal agencies understand the underlying technology of DeFi and providing expert support for regulatory rulemaking. Chervinsky stated that the current regulatory framework was developed in an era of simulation and cannot cover new trading formats such as decentralized protocols. One of the center’s primary tasks is to develop a legal framework for perpetual contracts. The Hyperliquid Foundation has donated 1 million platform native tokens HYPE (currently valued at approximately $28 million) to support the center’s operations. The founding team includes policy advisor Brad Bourque (former Sullivan & Cromwell LLP lawyer) and policy director Salah Ghazzal (former Variant policy head). The center is currently hiring for positions such as chief of staff, communications director, and government relations director.
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