CFTC Chairman Says Approval of Crypto Perps Is Near – Why Is This Big for Hyperliquid?
The newly appointed Chairman of the Commodity Futures Trading Commission (CFTC), Mike Selig, has signaled that the United States is close to introducing a regulatory framework that will allow crypto futures to be traded abroad.
This move, if completed in the coming weeks as suggested, could reshape the digital asset derivatives market and create a significant opportunity for Hyperliquid (HYPE), one of the fastest growing platforms in the perpetual sector.
CFTC’s Plan to Repatriate Crypto Perps in the US
Speaking On Tuesday at the Milken Institute’s Future of Finance conference, Selig said the CFTC plans to establish rules for crypto perpetual futures contracts – instruments that allow traders to maintain strong exposure to digital assets indefinitely, without expiration dates.
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Although these products have been around for years, they have been most effective in the maritime trade in places like Asia, Europe and the Bahamas. According to Selig, the United States needs to “recoup” money that previously moved overseas regulatory conditions.
Selig positioned the program as part of a broader modernization effort, describing “Project Crypto” as a historic project designed to modernize and future-proof financial regulations for emerging technologies.
“We are working to get permanent futures, real permanent futures, not old contracts, here in the US within the next month or so,” Selig said.
In addition to the indefinite future, Selig said regulators are exploring how they can stay. decentralized finance (DeFi) protocols and blockchain-based systems within existing regulations.
Hyperliquid Policy Center Backs Selig’s Push
The possible approval of US crypto perpetual futures has attracted the attention of Hyperliquid, a exchange of places (DEX) which quickly gained prominence in the global perps market.
Just two weeks ago, the Hyperliquid Policy Center (HPC) was launched with the funding of 1 million HYPE tokens. The agency’s mandate includes working directly with lawmakers and regulators to help shape clear rules for permanent exits from decentralized markets.
After Selig’s remarks, the newly formed policy group publicly accepted the regulatory directive. HPC data said supports the Chairman’s forward-looking stance and expressed a willingness to help ensure that export markets can thrive within the United States.
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As before report by Bitcoinist, one of the main goals of this institution is to protect the defined legal structure of permanent derivatives. Jake Chervinsky, who leads the Hyperliquid Policy Center, said that perpetual contracts offer real advantages compared to traditional futures and options.
In his opinion, perps are simple in design and provide direct exposure to crypto underlying assets. However, without regulatory clarity, they have struggled to gain traction within the US market.
Activity across all non-stop platforms has grown since late 2025, with monthly volume reaching $829 billion. Analysts expect this number to rise significantly if US regulators approve domestic trading of crypto perpetual futures under the CFTC’s new leadership.
At the time of writing, the native token of Hyperliquid, HYPE, was trading at $31.77, recording a loss of 2.4% in the last 24 hours. Nevertheless, the token is one of the few that will show gains over the long-term frame, with year-to-date growth of 74%, according to CoinGecko. data.
Featured image from OpenArt, chart from TradingView.com
