Hyperliquid Foundation is helping to create a policy group tasked with lobbying for DeFi interests on Capitol Hill, with a roughly $29 million donation of HYPE tokens to get the ball rolling, according to a statement from Wednesday.
“The Hyper Foundation will contribute 1 million HYPE tokens to support the creation of the Hyperliquid Policy Center,” the group posted to X. “The tokens will be unstaked later today. The Hyperliquid community will benefit from having representation in Washington, D.C., and we are confident that under Jake Chervinsky’s leadership, the Hyperliquid Policy Center will have a meaningful impact in favor of clear regulations for decentralized finance.”
The move comes as lawmakers continue to weigh passing legislation designed to better define how the digital asset industry should be regulated in the U.S. So far during President Donald Trump’s administration, meaningful gains have been made to facilitate growth across cryptocurrency-related businesses and investment opportunities. But many key matters have yet to be clearly defined.
While Senate committees have been moving forward with legislation that would regulate the crypto industry writ large, some issues, such as on how to treat stablecoin rewards, remain unresolved and have potentially held up the advancement of the CLARITY Act.
“[Hyperliquid Policy Center] is an independent research and advocacy organization dedicated to ensuring that DeFi can flourish in the United States,” Chervinsky posted to X. Chervinsky previously led Variant Fund’s legal team, where he remains as an advisor, and is a board member of the Blockchain Association lobbying group.
Hyperliquid is decentralized perpetual futures exchange that competes with centralized exchanges like Coinbase, a company which has long been active in Washington D.C., lobbying for crypto-friendly policies.
© 2026 The Block. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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