PANews reported on February 18th that, according to Fortune magazine, decentralized derivatives trading platform Hyperliquid has officially established the Hyperliquid Policy Center in Washington, D.C., with veteran crypto lawyer Jake Chervinsky serving as its first CEO. The center aims to create a legal path for the widespread adoption of DeFi in the United States, help Congress and federal agencies understand the underlying technology of DeFi, and provide professional support for regulatory rulemaking. Chervinsky stated that the current regulatory framework, formed in the analog era, cannot cover new trading forms such as decentralized protocols. One of the center's primary tasks is to develop a legal framework for perpetual contracts.

The Hyperliquid-affiliated foundation has donated 1 million HYPE tokens (currently worth approximately $28 million) to support the center's operations. The founding team also includes policy advisor Brad Bourque (former lawyer at Sullivan & Cromwell LLP) and policy director Salah Ghazzal (former head of policy at Variant). The center is currently recruiting for positions such as chief of staff, head of communications, and head of government relations.