Hyperliquid News Today: $29M DeFi Policy Center Launches in Washington, CEO Named

Hyperliquid has launched the Hyperliquid Policy Center (HPC), a nonprofit research and advocacy group based in Washington D.C. The Hyper Foundation is backing the initiative with 1 million HYPE tokens, currently worth around $29 million.

Crypto lawyer Jake Chervinsky has been named the founding CEO. Chervinsky previously served as Chief Legal Officer at both the Blockchain Association and venture firm Variant.

He announced on X, “HPC is an independent research and advocacy organization dedicated to ensuring that DeFi can flourish in the United States. The future of finance will be decentralized.”

Why Does Hyperliquid Need a Policy Center?

Hyperliquid processed over $250 billion in perpetual futures volume last month alone, making it one of the largest decentralized exchanges in crypto. But perpetual derivatives, while hugely popular in offshore markets, are still largely absent from regulated U.S. finance.

Chervinsky pointed out that current U.S. financial regulations were not written for decentralized technology like Hyperliquid. HPC will focus on working with lawmakers and regulators to build clear rules for DeFi and on-chain market infrastructure.

The Hyper Foundation said it is “confident that under Chervinsky’s leadership, the Hyperliquid Policy Center will have a meaningful impact in favor of clear regulations for decentralized finance.”

HPC Founding Team and Open Roles

Chervinsky is joined by Policy Counsel Brad Bourque, formerly of Sullivan & Cromwell LLP, and Policy Director Salah Ghazzal, who previously served as Policy Lead at Variant.

HPC is currently hiring for Chief of Staff, Head of Communications, and Head of Government Relations.

HYPE Token Price and Recent Moves

HYPE is trading at around $29.20 with a market cap of approximately $7.5 billion. The token is down roughly 51% from its all-time high of $59.39, which it hit in September 2025.

The policy center launch comes just a week after Hyperliquid Strategies Inc. spent $129.5 million to buy 5 million more HYPE tokens at an average price of $25.9 per token.

With Congress currently working through the CLARITY Act and DeFi regulation still a major sticking point in the Senate, the timing of HPC’s launch lines up directly with one of the most active periods for crypto policy in Washington.

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