Hyperliquid’s native token, HYPE, surged 15% in the last 24 hours, outperforming leading cryptocurrencies after the project announced it had submitted formal feedback to the U.S. Commodity Futures Trading Commission (CFTC) on proposed rules for perpetual swaps and 24/7 crypto markets.
In an early Friday post on X, Hyperliquid Labs revealed they filed two comment letters applauding the CFTC’s proactive regulatory efforts and encouraging the adoption of decentralized finance (DeFi) frameworks to foster safer and more efficient financial products.
This marks a notable milestone as a DeFi-native protocol engaging directly with U.S. regulators—reflecting the sector’s maturation and a growing push to influence the development of favorable policy environments.
“Hyperliquid exemplifies how fundamental DeFi principles can drive improvements in market efficiency, transparency, and user protection,” the team wrote. “Promoting DeFi within the U.S. regulatory framework through open dialogue ensures that the country remains a leader in financial innovation while prioritizing consumer safety.”
The CFTC had called for public comments on how to regulate crypto derivatives in a continuous trading environment. Hyperliquid, which runs its own high-performance layer-1 blockchain supporting permissionless perpetual trading, positioned its response as a case study demonstrating how decentralized infrastructure can meet and potentially exceed the standards of traditional markets.
With on-chain volumes rising and major players like whale trader “James Wynn” reportedly placing billion-dollar bets on the platform, attention on Hyperliquid is growing. Traders are optimistic that early engagement with regulators will boost HYPE’s legitimacy and long-term growth potential.

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