Crypto infrastructure firm Hyperliquid has launched the Hyperliquid Policy Center — a Washington, D.C.–based advocacy and research organization focused on shaping U.S. policy for decentralized finance and blockchain markets.
Jake Chervinsky to spearhead the advocacy organization
The center will be led by Jake Chervinsky, a well-known cryptocurrency attorney with a long track record in digital asset policy. Chervinsky previously served as Chief Policy Officer at the Blockchain Association and held senior legal roles at crypto venture firm Variant, among other positions in the industry.
Backed by a contribution of 1 million HYPE tokens (valued at roughly $28-29 million) from the Hyper Foundation, the new center aims to help lawmakers and federal regulators better understand decentralized finance technology and develop practical regulatory frameworks that allow DeFi to thrive in the United States.
A major focus for the policy center will be advocating for clear rules around perpetual derivatives, or “perps,” and other decentralized market structures that currently operate largely outside U.S. regulatory clarity.
Chervinsky emphasized that existing financial regulations were designed for traditional markets and are ill-suited to the technical realities of blockchain-based systems. The Hyperliquid Policy Center plans to produce research, engage directly with policymakers, and serve as a resource for Congress as it continues work on crypto legislation.
HYPE gets noticed with HIP4
HIP‑4 (Hyperliquid Improvement Proposal‑4) is a major protocol upgrade designed to expand the capabilities of the Hyperliquid trading platform beyond perpetual futures into native on‑chain prediction markets and event‑based derivatives. At its core, HIP‑4 introduces “Outcome Contracts”, a new type of fully collateralized, non‑leveraged trading instrument that settles within a fixed payoff range at a predetermined expiration.
Unlike traditional perpetual or leveraged derivatives, HIP‑4 contracts carry no liquidation risk, making them more predictable and potentially more accessible to users seeking to express directional or event‑driven views without the dangers of margin calls
