HYPERLIQUID IS KNOCKING ON WALL STREET'S DOOR. Following a HUGE shout out from President Trump last week, the @HyperliquidX Policy Center has formally urged the SEC & CFTC to create harmonised rules for perpetual markets. Their aim is to build a clearer path to bringing

What happened

Hyperliquid's Policy Center formally asked the SEC and CFTC to create harmonised rules for perpetual markets, following a shout out from President Trump. The goal is to establish a clearer path for bringing these products to Wall Street.

Confirmed

Global impact / market context

Harmonised rules could allow Hyperliquid to offer perpetual contracts to US investors, increasing trading volume and revenue. Clearer regulation may also reduce legal risks for the company and its users, potentially boosting adoption and investor confidence in the platform.

Analyst inference

Perpetual markets are a type of crypto derivative, which means a financial contract based on an asset's price. They are largely unregulated in the US. If the SEC and CFTC agree, this could set a precedent for other crypto exchanges, affecting how these products are traded and supervised.

Analyst inference

What to watch

1. Watch whether the SEC and CFTC publicly respond to Hyperliquid's formal request, and if they announce any steps toward creating harmonised rules for perpetual markets. Confirmed
2. Observe if Hyperliquid releases more detailed proposals or timelines for regulatory approval, which would signal progress in their effort to enter the US market. Proposed
3. Track how other crypto exchanges react, as they may also push for similar rules, potentially accelerating regulatory changes across the industry. Analyst inference

Affected assets

• ON — Orochi Network

Evidence

• x.com