PANews reported on May 23 that Hyperliquid Labs recently submitted two opinion letters to the U.S. Commodity Futures Trading Commission (CFTC), responding to perpetual contracts and all-weather trading mechanisms respectively. Hyperliquid believes that its on-chain architecture demonstrates the potential of DeFi in market efficiency, transparency and user protection, emphasizing that prepaid margin, automatic liquidation and real-time auditing can be achieved without intermediaries, and has natural compliance and risk resistance. It also advocates a principle-oriented regulatory approach to help the United States maintain its lead in global financial innovation.