Hyperliquid has established a policy center focused on DeFi, led by renowned crypto lawyer Jake Chervinsky

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ChainCatcher reports that, according to Fortune magazine, the decentralized derivatives trading platform Hyperliquid has officially established the Hyperliquid Policy Center in Washington, D.C. The center is led by veteran crypto attorney Jake Chervinsky as its first CEO.

The center aims to create legal pathways for the widespread adoption of DeFi in the United States, helping Congress and federal agencies understand the underlying technology of DeFi and providing expert support for regulatory rulemaking. Chervinsky stated that the current regulatory framework was developed in an analog era and cannot cover new trading formats 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 platform native tokens HYPE (currently valued at approximately $28 million) to support the center’s operations. The founding team also includes policy advisor Brad Bourque (former Sullivan & Cromwell LLP lawyer) and policy director Salah Ghazzal (former policy head at Variant). The center is currently hiring for positions such as chief of staff, communications director, and government relations director.

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