Subtitle
The rapid development of decentralized finance (DeFi) has attracted close attention from regulators around the world. While some countries, such as Singapore, are creating favorable conditions for this segment of the crypto market, others, such as the United States, are exercising caution and seeking to tighten control.
Hyperliquid, previously known as the DeFi Education Fund, has decided to take on the role of advocate and defender of DeFi project interests in Washington. It has received $29 million in HYPE tokens to finance its activities in informing and lobbying regulators.
Who is behind Hyperliquid?
The organization is led by Jake Chervinsky, a lawyer with many years of experience in the crypto industry. He previously held the position of head of the legal team at Compound Labs and was a member of the US Financial Stability Council.
What are the goals of Hyperliquid?
Hyperliquid intends to collaborate with regulators, legislators, and other stakeholders to promote the adoption of laws and regulations favorable to DeFi. The organization also plans to conduct research, publish analytics, and organize events to raise awareness about the decentralized finance industry.
Expert Opinion
The creation of such a policy center is an important step for the DeFi community, which seeks a more constructive dialogue with regulators. Given the growing influence of cryptocurrencies and DeFi protocols, this initiative can help defend the interests of the industry and find a balanced approach to legal regulation.
At the same time, the success of Hyperliquid will largely depend on its ability to establish effective interaction with the authorities and convince them of the need to stimulate, rather than suppress, innovations in the field of decentralized finance.