Hyperliquid (CRYPTO: $HYPE) is exploring a path into the U.S. perpetual futures market as its policy group presses federal regulators for rules that could bring onchain derivatives under a regulated domestic framework. Hyperliquid Policy Center CEO Jake Chervinsky said the goal is for regulators to interpret existing rules favourably or create new ones that would allow regulated firms to offer perpetual futures using markets built on Hyperliquid. Their filing said the current framework leaves "American users" walled off from onchain derivatives while development continues offshore. A regulated U.S. route would bring Hyperliquid closer to traditional derivatives infrastructure while preserving the self-custody model behind its onchain markets. Hyperliquid (CRYPTO: HYPE) is currently trading at $55.80 U.S. per digital token.