U.S. · Israel · Iran · The Block
Hyperliquid Policy Center, TradeXYZ urge CFTC to create path for US oil perpetuals
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The Commodity Futures Trading Commission should adopt a regulatory framework for energy perpetual contracts to bring the products to the U.S., the Hyperliquid Policy Center and perpetuals trading platform TradeXYZ said in a letter on Wednesday.
Key facts
- The Hyperliquid Policy Center and TradeXYZ pointed to disruptions in global supply chains in the Middle East earlier this year after the United States and Israel conducted missile strikes on Iran
- Earlier this week, the HPC wrote a letter to the CFTC and the Securities and Exchange Commission asking both agencies to adopt a harmonized framework for perpetual contracts
- The Commodity Futures Trading Commission should adopt a regulatory framework for energy perpetual contracts to bring the products to the U.S., the Hyperliquid Policy Center and perpetuals trading
- When another crisis breaks on a Saturday night, American businesses should not have to wait until Sunday evening to manage their risk," HPC said
Summary
The Hyperliquid Policy Center and TradeXYZ pointed to disruptions in global supply chains in the Middle East earlier this year after the United States and Israel conducted missile strikes on Iran, which triggered supply shocks. "When another crisis breaks on a Saturday night, American businesses should not have to wait until Sunday evening to manage their risk," HPC said. Hyperliquid has become popular among crypto derivatives traders and came into the spotlight last week at the White House when President Donald Trump said that CFTC Chair Michael Selig was working to bring the perpetual trading platform Hyperliquid into the U.S. in a "fully compliant and legal fashion.