Hyperliquid Policy Center urges SEC and CFTC to adopt aligned perpetual rules in the US

Hyperliquid Policy Center urges the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to develop unified rules for the industry. The HPC research center officially sent a detailed comment to the American financial regulators demanding to urgently eliminate legal uncertainty. Representatives of the organization insist on creating a transparent and harmonized regulatory structure capable of adequately classifying innovative digital derivatives.

The main trigger for the appeal was the protracted discussion of regulatory authorities on how exactly these cryptographic products should be interpreted within the framework of current US legislation. Due to the lack of clear directives, many blockchain platforms face serious regulatory risks, which significantly restrains the inflow of institutional capital into the country. Experts emphasize that the creation of a coordinated regulatory framework will protect the interests of retail investors and ensure the legitimate development of decentralized financial markets.

Under conditions of strict oversight by the authorities, market participants are forced to constantly maneuver between the requirements of various departments whose spheres of influence often overlap. The new initiative is designed to delineate the areas of responsibility of regulators and create clear conditions for issuers and trading platforms. The standardization of rules will be a crucial step towards the integration of decentralized technologies into the traditional legal and economic system of the United States.

Hyperliquid urges SEC and CFTC toward consensus in derivatives regulation

In its official document, HPC analysts argued in detail the position according to which perpetual contracts on equity assets that possess the basic characteristics of futures should have the legal right to be traded precisely as security futures. Current American law divides derivative instruments into futures and swaps, which imposes radically different requirements on their listing, reporting transparency, and accessibility for various categories of investors.

The complex specificity of these digital instruments blurs these historically established legal boundaries, as they combine elements of both categories. They possess standardized conditions, full interchangeability, margin mechanisms, and the option to quickly close positions through opposite transactions. However, unlike classic contracts, they do not have a fixed expiration date, which often confuses conservative government officials.

An analysis of the market situation shows that the platform's native token demonstrates high volatility against the background of regulatory news. According to current quotes from the cryptocurrency exchange Binance, today the price of the Hyperliquid token stands at $78.19, while the daily trading volume is maintained at $941.9 million, and the project's total market capitalization has reached an impressive $19.7 billion. Investors can study the cryptocurrency market analysis for a deeper understanding of current price trends.

"We see a clear attempt by the industry to protect innovative derivatives from overly rigid classification as swaps. If US regulators listen to HPC recommendations and recognize perpetual markets as futures structures, this will open the doors for legal trading of billions of dollars of institutional capital," note experts of the profile community in Binance Square.

Unique nature of contracts and the position of the specialized HPC center

Specialists of the research center separately focus the regulators' attention on the fact that the absence of a specific end date of the instrument should not negatively affect its final legal status. The submitted memorandum explains in detail that regular payments for funding effectively replace the expiration mechanism. These accruals perform a similar economic function, continuously maintaining the balance and correspondence of the derivative prices to the quotes on the spot market.

This approach allows decentralized platforms to ensure continuous liquidity without the need for regular rolling of investors' positions into new contracts. The use of innovative algorithms makes trading more efficient and accessible to a wide range of users around the world. If the SEC and CFTC agree on the proposed structure, the US will be able to regain its status as the main technological hub, ahead of offshore jurisdictions in creating progressive legislation.

For successful work on modern platforms, traders need to regularly monitor not only legal changes, but also asset dynamics in real time. At the current moment, the price at the current moment for the first cryptocurrency Bitcoin on Binance is fixed at the level of $79,345, which sets a general positive vector for the entire altcoin sector. Traditional digital finance is gradually transforming under the influence of DeFi technologies, complicating classic oversight. Professional trading of digital assets requires constant monitoring of such fundamental factors and understanding of the structure of capital movement.

Perspectives of introducing new rules for perpetual markets

The establishment of a compromise oversight regime by the two leading agencies is capable of fundamentally changing the landscape of the entire financial industry in the US. The division of derivatives into clear subcategories will reduce litigation costs for startups and allow major American exchanges to legally add these products to their listings. This will create a healthy competitive environment where blockchain transparency will be combined with the reliability of state regulatory protection of investors.

In parallel with this, HPC representatives point out the importance of international standardization so that American rules do not contradict European and Asian norms. Otherwise, there is a risk of outflow of liquidity and capital to more flexible foreign jurisdictions. The joint work of the SEC and CFTC on this problem could become a highly important precedent for effective interagency cooperation in the era of rapid development of the digital economy.

"The HPC initiative is a critically important step for integrating DeFi mechanisms into the legal field. Perpetual markets have long become a standard in the crypto industry, and attempts to regulate them under the laws of the last century only harm the American market, forcing developers to go into the shadows," authors of a popular financial blog comment on the situation.

Benefit for readers and key takeaways for crypto investors

This informational material provides readers with a deep understanding of current structural changes in the regulation of cryptocurrencies and derivatives in the US. Understanding the classification conflict between futures and swaps allows investors to more accurately assess potential legal risks of projects associated with decentralized exchanges (DEX). This knowledge helps to avoid investments in platforms that are under the threat of harsh sanctions from the SEC or CFTC.

In addition, the current data from the Binance exchange presented in the article for the HYPE token ($78.19) and Bitcoin ($79,345) provide clear price guidelines for conducting independent technical and fundamental analysis. Tracking the initiatives of the Hyperliquid Policy Center helps investors be the first to know about possible changes in funding and listing rules. We recommend using this information to diversify portfolios and make informed decisions during periods of high geopolitical and regulatory turbulence.