Hyperliquid has established a new policy center in Washington, D.C., aimed at promoting and legally safeguarding decentralized finance (DeFi). Led by industry veteran Jack Cherwinski, the center is backed by $29 million in HYPE tokens. DeFi is a blockchain-based financial system that enables users to borrow, invest, and transact without traditional financial institutions. As DeFi grows rapidly, it faces regulatory uncertainty, attracting increasing attention from governments and regulatory bodies. The new policy center seeks to engage lawmakers and government agencies to foster effective policymaking in favor of DeFi. This initiative is expected to provide legal protections and facilitate the sector’s growth. Amid varying global regulatory challenges for cryptocurrency and blockchain industries, Hyperliquid’s move signals proactive political and legal efforts to secure DeFi’s future. The impact of this center on legislation and the establishment of favorable DeFi regulations will be closely watched, as it promises greater industry stability and enhanced confidence among investors and users.
Source: decrypt
