Hyperliquid Foundation has unveiled a $29 million lobbying push tied to a new policy effort in Washington, D.C., as it seeks clearer U.S. rules for decentralized finance. The foundation said it will support the launch of the Hyperliquid Policy Center, a body intended to give the Hyperliquid community a voice in policy discussions around DeFi.
According to the foundation, the initiative will be funded through a donation of 1 million HYPE tokens. Those tokens will not be staked at this stage. In its statement, the foundation said the center will operate under the leadership of Jake Chervinsky and is expected to pursue measurable pro-DeFi impact in Washington.
Crypto lobbying expands in the United States
The report places Hyperliquid’s move inside a broader increase in crypto lobbying across the U.S. Over the past year, U.S.-based crypto firms have spent tens of millions of dollars on lobbying tied to the 2024 election. Politicians seen as supportive of digital assets have drawn campaign money, and the article argues that this has reduced the number of openly anti-crypto voices in Congress while pushing regulatory clarity higher on the agenda.
Within that shift, Hyperliquid is presented as a DeFi-focused effort to secure a place in the policy debate. The foundation’s goal is not described simply as lighter oversight. It is asking for rules that are both clear and workable for DeFi, while trying to influence how those rules are written.
Policy Center enters a growing fight for influence
The article describes the creation of the Hyperliquid Policy Center as a long-term strategic move meant to protect both DeFi more broadly and Hyperliquid itself from regulatory uncertainty. It also frames Hyperliquid as a direct rival to Coinbase in the contest for influence in Washington, noting that Coinbase has backed pro-crypto political activity in the U.S. capital for years.
Recent pressure on major exchanges is part of that context. The piece points to Binance and the regulatory challenges it has faced, then raises the risk that politicians who favor crypto assets but remain skeptical of DeFi could eventually target Hyperliquid or similar platforms. From that perspective, the foundation’s latest step is presented as a defensive play tied to the future of HYPE and its ecosystem.
HYPE holds above support as altcoins weaken
The original report also highlighted HYPE’s market performance. It said that while many altcoins have fallen to new 300- to 500-day lows, HYPE has stayed above the $28 support level and remains in contention for a move toward $35. That relative strength was described as unusual at a time when much of the sector is under pressure.
The source article also included a standard disclaimer saying the information does not constitute investment advice and that cryptocurrencies remain highly volatile and risky.