The Hyperliquid Policy Center (HPC) is an independent, non-profit 501(c)(4) research and advocacy organization based in Washington, D.C. ^[1]. Launched on February 18, 2026, the organization is led by founder and CEO Jake Chervinsky, a prominent lawyer in the cryptocurrency space ^{[2] [1]}. HPC's mission is to advocate for a clear and effective regulatory framework for decentralized finance (DeFi) in the United States by engaging with lawmakers and regulators ^{[3] [4]}.

History

The Hyperliquid Policy Center was officially launched on February 18, 2026 ^[2]. The launch was announced through a press release and posts on the organization's official website and X (formerly Twitter) account ^{[1] [5]}. The announcement received coverage from multiple financial and crypto-focused media outlets, including a feature in Fortune ^{[2] [6]}.

The establishment of HPC was made possible by a foundational grant from The Hyper Foundation, an independent entity founded in 2024 to support the growth and development of the Hyperliquid blockchain ecosystem ^[1].

Mission and Activities

The stated mission of the Hyperliquid Policy Center is to "advance a clear, regulated path for decentralized finance to thrive in the United States." ^[4]. The organization aims to ensure that American entrepreneurs, consumers, and institutions can build and benefit from DeFi technologies by working with policymakers to establish suitable laws and regulations ^[1].

HPC's activities are centered around three main functions: research, advocacy, and education ^[3]. The organization produces and publishes in-depth technical research on DeFi topics, with a particular focus on perpetual derivatives, decentralized markets, and blockchain-based financial infrastructure ^{[1] [5]}.

In its advocacy role, HPC engages directly with U.S. federal regulators and Congress. Its work includes submitting formal comments on proposed rules, providing technical assistance on draft legislation, and lobbying for practical regulations on decentralized financial markets ^{[4] [3]}. The center also serves as an educational resource for policymakers and their staff, helping them understand the technical mechanics of DeFi protocols. A part of this educational mandate includes introducing lawmakers to the Hyperliquid protocol as a case study for next-generation market infrastructure ^{[6] [1]}.

Upon its launch, CEO Jake Chervinsky stated:

“Financial markets are migrating onto public blockchains because they offer efficiency, transparency, and resilience that legacy systems cannot match. This technology is poised to become the base layer of the global financial system. Now the United States must choose: we can either adopt new rules that allow this innovation to thrive here at home, or we can wait and watch as other nations seize the opportunity. HPC exists to ensure that American entrepreneurs, consumers, and institutions have the regulatory clarity they need to build and benefit from the future of finance.” ^[1]

Organization and Leadership

Structure and Funding

The Hyperliquid Policy Center is organized as an independent 501(c)(4) non-profit research and advocacy organization headquartered in Washington, D.C. ^[1].

The center's initial operations were funded by a contribution of 1,000,000 HYPE tokens from The Hyper Foundation ^[6]. At the time of the launch on February 18, 2026, this grant was valued at approximately $28-29 million ^{[2] [3]}.

Leadership

The founding team of HPC comprises experienced professionals from the legal and policy sectors of the crypto industry ^[1].

• Jake Chervinsky serves as the Founder and Chief Executive Officer (CEO). He is a widely recognized leader in crypto policy and has held several influential roles in the industry. Prior to founding HPC, he was the Chief Legal Officer at the crypto-focused venture capital firm Variant, the Chief Policy Officer at the Blockchain Association, and General Counsel at Compound Labs. He also has a background in private practice focusing on securities and commodities litigation ^{[2] [1]}.
• Brad Bourque is the Policy Counsel. He was previously an associate at the international law firm Sullivan & Cromwell LLP ^[1].
• Salah Ghazzal holds the position of Policy Director. Before joining HPC, he was the Policy Lead at Variant ^[1].

At its launch, the organization was actively recruiting for several senior positions to expand its team, including a Chief of Staff, Head of Communications, Head of Government Relations, and an additional Policy Counsel ^{[1] [2]}.

Relationship with Hyperliquid Ecosystem

Although the Hyperliquid Policy Center operates as an independent organization, it is closely affiliated with the Hyperliquid protocol and its supporting ecosystem ^[4]. The center's founding was supported by The Hyper Foundation, the primary entity dedicated to fostering the growth of the Hyperliquid blockchain ^[6]. A spokesperson for The Hyper Foundation stated, "The Hyperliquid community will benefit from having representation in Washington, D.C., and we are confident that under Jake’s leadership, the Hyperliquid Policy Center will have a meaningful impact in favor of clear regulations for decentralized finance.” ^[1].