Hyperliquid Foundation sets up DeFi policy advocacy group with $29 million HYPE token donation
The Block
Hyperliquid Foundation is launching a policy center with a $29 million HYPE token donation to advocate for DeFi interests in Washington D.C.Summary
Hyperliquid Foundation is establishing the Hyperliquid Policy Center, a new policy group focused on lobbying for decentralized finance (DeFi) interests on Capitol Hill. The foundation is contributing approximately $29 million worth of HYPE tokens to support the center's creation. The initiative aims to provide representation for the DeFi community in Washington D.C. and advocate for clear regulations. Jake Chervinsky, formerly of Variant Fund and a board member of the Blockchain Association, will lead the Hyperliquid Policy Center. This move comes as U.S. lawmakers continue to debate legislation to regulate the digital asset industry, with key issues like stablecoin rewards still unresolved.
(Source：The Block)