Hyperliquid lobby group welcomes CFTC approval of U.S. first perpetual contract, saying regulation is recognizing Perp's market value

HyperliquidPolicyCenter, a lobbying organization, issued a document welcoming the latest regulatory initiatives of the U.S. Commodity Futures Trading Commission (CFTC), including approval of the first U.S. listing perpetual contracts, issuance of a policy statement for the listing of perpetual derivatives, relevant explanatory guidance and No-Action Relief, as well as staff consultation documents on 24/7 trading, clearing and settlement. HyperliquidPolicyCenter said these measures are the first time in a long time that regulators have clearly recognized the legitimacy and importance of perpetual contracts in price discovery and risk management. It pointed out that in the past, regulatory uncertainty caused relevant markets and liquidity to flow overseas, weakening the United States 'competitiveness in the global derivatives market. HyperliquidPolicyCenter also said it looks forward to in-depth cooperation with the CFTC to promote the establishment of a regulatory framework that applies not only to centralized intermediaries, but also to on-chain agreements. Most current perpetual contract trading activities actually occur in the on-chain market.