Overview
- The Hyper Foundation endowed the nonprofit with 1 million HYPE tokens, valued around $28–29 million, to fund its launch.
- Veteran crypto lawyer Jake Chervinsky is CEO, joined by Policy Counsel Brad Bourque and Policy Director Salah Ghazzal, with additional hiring underway.
- The group will brief lawmakers, publish technical research, and propose rules for decentralized exchanges and on-chain market infrastructure.
- A central focus is a U.S. framework for perpetual futures, which dominate offshore trading yet lack clear treatment under U.S. law.
- Hyperliquid handled over $250 billion in perp volume last month as Congress and agencies wrangle over market-structure jurisdiction.