CFTC’s Plans for Crypto Perpetual Trading Puts Focus on Hyperliquid’s HYPE

Hyperliquid’s native token, HYPE, jumped 15% on Thursday, outperforming the broader crypto market, after the team said it submitted formal responses to the U.S. Commodity Futures Trading Commission (CFTC) regarding proposed regulation of perpetual swaps and 24/7 crypto trading.In an X post early Friday, Hyperliquid Labs said it filed two comment letters supporting the CFTC’s proactive stance and urging regulators to embrace decentralized finance (DeFi) frameworks as a path to building safer, more efficient financial products source: https://www.coindesk.com/markets/2025/05/23/cftcs-plans-for-crypto-perpetual-trading-puts-focus-on-hyperliquids-hype