Hyper Foundation Commits $29M in HYPE Tokens to Launch DeFi Policy Center in Washington, D.C.
The Hyper Foundation has allocated 1 million HYPE tokens, valued at approximately $29 million, to establish the Hyperliquid Policy Center (HPC) in Washington, D.C. The independent nonprofit will focus on advocating for updated decentralized finance policies that align with current market realities.
Jake Chervinsky, a prominent figure in crypto legal circles, will serve as the founding CEO. Chervinsky previously held leadership roles at Variant and the Blockchain Association. The MOVE comes as Hyperliquid, a major DeFi platform, processed over $256 billion in perpetual futures volume last month—yet many of its products remain offshore due to outdated U.S. financial regulations.
The HPC aims to create a clear regulatory path for DeFi growth in the U.S., addressing the gap between traditional finance frameworks and decentralized innovation. Tokens for the initiative will be unstaked imminently.
