Hyperliquid Fires Back at CFTC’s Perpetuals Probe—Crypto Never Sleeps, Regulators Shouldn’t Either

Decentralized exchange Hyperliquid just threw gasoline on the regulatory debate over crypto’s 24/7 markets. Their response to the CFTC’s request for comment on perpetual futures trading reads like a manifesto for unstoppable finance.

While traditional markets nap on weekends and holidays, crypto derivatives churn billions nonstop. Hyperliquid’s filing argues round-the-clock trading isn’t a bug—it’s the killer feature regulators still don’t get.

The CFTC’s inquiry comes as perpetual swaps dominate crypto volumes. These complex instruments—beloved by degens and feared by compliance officers—let traders speculate endlessly without expiry dates.

Hyperliquid’s response likely includes the phrase ’innovation’ at least twelve times. Because nothing says progress like letting anonymous traders leverage farm tokens at 3AM on a Tuesday—while SEC lawyers bill by the hour trying to keep up.