Hyperliquid Taps Famous Crypto Lawyer for CEO in $28 Million Initiative
Hyperliquid launched the Hyperliquid Policy Center, appointing prominent crypto lawyer Jake Chervinsky as CEO, backed by a $28 million HYPE token commitment.Summary
Decentralized finance (DeFi) platform Hyperliquid has entered the US policy arena by launching the Hyperliquid Policy Center, a lobbying and regulatory advisory group. The center is led by Jake Chervinsky, a well-known crypto lawyer previously associated with the Blockchain Association and Variant, who now serves as its inaugural CEO. The initiative is funded by the Hyperliquid Foundation, which committed 1 million HYPE tokens, valued at approximately $28 million, to support its operations.
The center's primary goal is to educate Congress and federal agencies on DeFi technology to help craft regulatory frameworks that integrate decentralized protocols into the existing financial system, addressing the inadequacy of analog-era structures. A key focus will be developing a legal framework for perpetual derivatives, which currently dominate offshore markets but lack mainstream financial presence.
Chervinsky emphasized the need for technically informed guidance during this critical time for US DeFi regulation. The center is actively hiring key staff, and this move signals a broader trend of crypto platforms shifting toward structured policy engagement.
(Source：BeInCrypto)