PANews reported on April 22 that Hyperliquid Policy Center issued a statement indicating its commitment to pushing for the establishment of an on-chain derivatives regulatory framework in the United States to allow domestic users to participate in the decentralized perpetual contract market. The statement points out that current US law, based on centralized intermediaries, lacks a compliance path suitable for decentralized trading, leading to the outflow of innovation and liquidity. The statement emphasizes that on-chain perpetual contracts possess advantages such as self-custody, transparency, and global liquidity, with a projected trading volume exceeding $6.5 trillion by 2025, necessitating clear regulation to support industry development.