The nonprofit Hyperliquid Policy Center is pushing U.S. regulators to develop a dedicated framework for perpetual futures contracts. In a letter to the SEC and CFTC, the group called for a fresh look at how these contracts are classified, aiming to make listing and trading them way smoother. According to Incrypted, the center launched in February 2026 with a mission to champion decentralized finance (DeFi).

What the Center Is Asking For

Hyperliquid Policy Center wants the SEC and CFTC to lay out clear, straightforward rules for perpetual futures. They specifically highlight the need to update how these instruments are currently classified, so the process of listing and trading them on regulated platforms isn’t such a headache.

DeFi in the Spotlight

This push lines up with the center’s stated mission: growing the DeFi ecosystem. By introducing a tailored approach to perpetual futures, the center believes it’ll be easier for these products to exist in the regulated market without adding unnecessary listing and trading hurdles.

Background

Hyperliquid Policy Center is a nonprofit, set up in February 2026. In its letter to the SEC and CFTC, the organization called for a framework for perpetual futures, with a focus on updating their classification. The letter didn’t share any more details beyond that.