🇺🇸 UPDATE: Hyperliquid Policy Center has urged the CFTC to support US participation in onchain perpetual futures markets.

What happened

The Hyperliquid Policy Center publicly asked the U.S. Commodity Futures Trading Commission to allow American traders to take part in on‑chain perpetual futures markets.

Confirmed

Global impact / market context

If the CFTC agrees, U.S. investors could trade a crypto derivative—a contract whose value is linked to a digital asset—that settles continuously on a blockchain, giving more trading choices and helping bring more cash into the market.

Analyst inference

Currently, U.S. regulators limit domestic participation in many crypto derivatives, while overseas platforms already offer on‑chain perpetual contracts, creating a competitive gap that this request aims to close.

Analyst inference

What to watch

1. CFTC’s official response or any rulemaking proposal regarding on‑chain futures, which would signal regulatory openness or restriction. Proposed
2. Reactions from major crypto exchanges that could launch or expand on‑chain perpetual products for U.S. users if approval is granted. Analyst inference
3. Potential legislative or political commentary that might influence the CFTC’s decision, affecting the timeline for market entry. Analyst inference

Evidence

• x.com