Hyperliquid Policy Center: Has Applied to U.S. SEC and CFTC to Confirm That Equity Perpetual Contracts Can Be Listed as Security Futures

Odaily reported that the Hyperliquid Policy Center stated on the X platform that the world's largest perpetual contract market has developed in offshore regions because U.S. regulators have not yet answered a fundamental question: are these products futures or swaps? The U.S. Commodity Futures Trading Commission (CFTC) began answering this question in May, allowing the first batch of perpetual contracts to be listed as futures contracts on U.S. exchanges. Now, the Hyperliquid Policy Center has applied to the U.S. Securities and Exchange Commission (SEC) and the CFTC to confirm that equity perpetual contracts can be listed as security futures. This confirmation would provide the necessary regulatory clarity for related products to return to the onshore market.

Previously reported, the first Anthropic Pre-IPO market launched on Hyperliquid, with a 24-hour trading volume of nearly $3 million.