Hyperliquid Policy Center urges joint oversight of perpetual futures

The Hyperliquid Policy Center urged the U.S. SEC and the CFTC to adopt a joint regulatory framework for perpetual futures in a paper released today, The Block reported. The center argued perpetual futures should be classified based on the contracts’ economic structure rather than by the underlying asset they track, such as Bitcoin, crude oil, or stocks. It added clearer standards could help bring the rapidly growing perpetuals market back to the United States.