Hyperliquid has intensified its lobbying efforts with U.S. regulators in search of a legal method to introduce perpetual investment products in the country.
The Information journalist Yueqi Yang, who interviewed the Hyperliquid Policy Center on this matter, reported that the exchange has "ramped up engagement with U.S. regulators to find pathways to enter the American markets."
Access to Hyperliquid is closed to users from the United States due to regulatory restrictions.
In the United States, derivative fraud is not entirely prohibited, but it does not fall under the Commodity Exchange Act, which sets rules for the clearing, margining, and execution of derivatives traded on registered platforms.
This gap has spurred crackdowns on both centralized and DeFi platforms offering off-exchange derivatives.
Hyperliquid Seeks Favorable Regulation in Washington, D.C.
While operating abroad, Hyperliquid is funding advocacy work aimed at changing regulations to allow for the seamless introduction of perpetual products in U.S. markets.
According to the report, the Hyperliquid Policy Center, funded by the Hyper Foundation, conducts research and lobbying in Washington, D.C., with the goal of creating a regulated system for access to perpetual tracs on blockchain and decentralized market infrastructure in the United States.
According to Yang, both the CFTC and SEC "will play a significant role in shaping some of the fastest-growing segments of cryptocurrencies, such as perpetual futures and staking, which are not covered by the Clarity Act."
American regulators are already adapting to accommodate perpetual products within compliant structures.
In May, the Commodity Futures Trading Commission (CFTC) approved the listing of a perpetual trac tied to the spot price of Bitcoin and, in the future, plans to consider perpetual tracs tied to other assets on a case-by-case basis.
Two proposed changes concerning round-the-clock energy futures and perpetual tracs related to Cryptopolitan oil, as reported in June, were opened for public comment by the Commodity Futures Trading Commission (CFTC).
Crypto Market Trading Volume Declined in July
In other news, according to CryptoRank, the cryptocurrency market saw a decline in trading volume in July.
The total volume of futures trading on centralized exchanges dropped to $4.0 trillion in July, reaching the lowest level since December 2023 and sharply falling from the peak values above $10 trillion at the end of 2025.
A similar trend was observed on decentralized exchanges (DEX). Monthly trading volume in July decreased by approximately 21% to $531 billion. According to CryptoRank, this decline ended a two-month recovery that began in April.
