Hyperliquid is turning its attention toward the U.S. market, according to a recent report by The Information. The platform has grown into one of the largest venues for crypto perpetual futures, but faces an undefined regulatory framework for decentralized products in the United States. The trading interface is currently prohibited to U.S. users and the blockchain has been declared illegal in the United States. The Hyperliquid Policy Center, launched in Washington in February 2026 and led by crypto lawyer Jake Chervinsky, is advocating for a clear regulatory path allowing Americans to access on-chain markets. The HYPE token rose 79.2 percent in the second quarter, marking its second consecutive quarter of substantial outperformance versus the broader crypto market.
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