Share this article
CFTC’s Plans for Crypto Perpetual Trading Puts Focus on Hyperliquid’s HYPE
HYPE is up 15% in the past 24 hours, outperforming majors, as developers said they submitted comments to the derivatives agency on using DeFi principles to create better products.
May 23, 2025, 9:24 a.m.
What to know:
- Hyperliquid's token HYPE surged 15% after the team submitted responses to the CFTC regarding crypto regulation.
- Hyperliquid Labs said it supports the CFTC's proactive stance and advocated for DeFi frameworks to enhance financial products.
- The submission highlights DeFi's potential to meet traditional market standards and marks a significant regulatory engagement.
Hyperliquid’s native token, HYPE, jumped 15% on Thursday, outperforming the broader crypto market, after the team said it submitted formal responses to the U.S. Commodity Futures Trading Commission (CFTC) regarding proposed regulation of perpetual swaps and 24/7 crypto trading.
In an X post early Friday, Hyperliquid Labs said it filed two comment letters supporting the CFTC’s proactive stance and urging regulators to embrace decentralized finance (DeFi) frameworks as a path to building safer, more efficient financial products.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The submission marks a rare instance of a DeFi-native protocol engaging directly with U.S. regulators, signaling both rising maturity in the sector and growing urgency around shaping favorable policy frameworks.
“We believe that Hyperliquid exemplifies how core DeFi principles can be put into practice to enhance market efficiency, integrity, and user protection,” the team wrote. “Supporting DeFI in the U.S. with open dialogue and a clear regulatory framework is an opportunity to ensure the U.S. remains a leader in financial innovation while robustly protecting users.”
Loading...
The CFTC had requested public input on how to approach crypto derivatives in a round-the-clock trading environment.
Hyperliquid — which runs its own high-performance, level-1 blockchain and supports permissionless perpetual trading — framed its submission as a case study in how decentralized infrastructure can meet, and potentially exceed, the standards of traditional markets.
With on-chain volumes surging and whales like “James Wynn” placing billion-dollar positions on Hyperliquid, as reported Thursday, attention around the protocol is intensifying and traders are betting that early regulatory engagement could further legitimize HYPE’s long-term upside.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin’s Deep Correction Sets Stage for December Rebound, Says K33 Research
K33 Research says market fear is outweighing fundamentals as bitcoin nears key levels. December could offer an entry point for bold investors.
What to know:
- K33 Research says bitcoin’s steep correction shows signs of bottoming, with December potentially marking a turning point.
- The firm has argued that the market is overreacting to long-term risks while ignoring near-term signals of strength, like low leverage and solid support levels.
- With likely policy shifts ahead and cautious positioning in futures, K33 sees more upside potential than risk of another major collapse.
Top Stories
