Hyperliquid Launches $29M DeFi Policy Center in Washington with Jake Chervinsky as CEO
Hyperliquid has established the Hyperliquid Policy Center (HPC), a Washington D.C.-based nonprofit aimed at advancing decentralized finance (DeFi) research and advocacy. Backed by 1 million HYPE tokens (worth approximately $29 million) from the Hyper Foundation, the initiative marks a strategic push for regulatory clarity in the U.S.
Jake Chervinsky, former Chief Legal Officer at the Blockchain Association and Variant, will lead HPC as founding CEO. "HPC is dedicated to ensuring DeFi flourishes in the United States," Chervinsky stated on X. "The future of finance will be decentralized."
The MOVE follows Hyperliquid's emergence as a dominant decentralized exchange, processing over $250 billion in perpetual futures volume last month. Despite global adoption, such derivatives remain scarce in regulated U.S. markets due to outdated financial frameworks. HPC will collaborate with regulators to craft policies tailored to on-chain infrastructure.