Hyperliquid is urging the CFTC to allow U.S. traders regulated access to onchain perpetual futures markets! @HyperliquidX is pushing regulators to let the U.S. participate in onchain perpetual markets. As protocols wait for regulation, they are trying to shape it! They

What happened

Hyperliquid has publicly asked the U.S. Commodity Futures Trading Commission (CFTC) to permit U.S. traders to access on‑chain perpetual futures markets under regulatory oversight.

Confirmed

Global impact / market context

If the request is approved, U.S. investors would be able to trade crypto futures on decentralized block‑chain platforms that are officially regulated, giving them legal safeguards and a new way to invest in digital assets.

Analyst inference

Current U.S. crypto rules limit retail access to decentralized derivatives, so a regulatory green light would differentiate on‑chain futures from existing regulated exchanges and could attract capital from the broader futures market.

Analyst inference

What to watch

1. CFTC’s formal response or rulemaking on Hyperliquid’s request, which will indicate whether on‑chain perpetual futures will be permitted. Proposed
2. Other crypto protocols filing similar requests, showing whether the industry is coordinating to shape future regulation. Proposed
3. U.S. trader adoption rates if access is granted, which will reveal the demand for decentralized perpetual contracts versus traditional exchanges. Analyst inference

Evidence

• x.com