Hyperliquid Policy Center Charts DeFi Regulatory Roadmap Amid Washington Scrutiny

Jake Chervinsky, CEO of the newly formed Hyperliquid Policy Center (HPC), is spearheading a multi-year agenda to reshape decentralized finance regulation. The organization aims to bridge the gap between DeFi innovators and U.S. policymakers, with Chervinsky emphasizing three core objectives: expanding access to perpetual derivatives markets, shielding open-source developers from inappropriate financial regulations, and advocating for clear DeFi rules.

"We’re not asking for deregulation—we’re asking for the right regulation," Chervinsky remarked during a recent interview. His comments come as Washington intensifies its focus on digital assets, with agencies debating whether to classify DeFi protocols under existing frameworks designed for traditional finance.

The HPC’s immediate priority is challenging interpretations that bar U.S. participants from decentralized derivatives trading. Longer-term, the group seeks to prevent non-custodial protocol developers from being miscategorized as money transmitters—a designation Chervinsky argues would stifle innovation.