While these products have existed for years, they have largely operated on offshore exchanges in jurisdictions such as Asia, Europe and the Bahamas. According to Selig, the United States needs to \u201crecapture\u201d liquidity that migrated overseas under prior regulatory conditions.<\/p>\n
Selig framed the initiative as part of a broader modernization effort, describing \u201cProject Crypto\u201d as a historic interagency undertaking designed to update and future-proof financial regulations for emerging technologies.\u00a0<\/p>\n
\u201cWe\u2019re working towards getting perpetual futures, true perpetual futures, not long-dated contracts, here in the U.S. within the next month or so,\u201d Selig stated.\u00a0<\/p>\n
In addition to perpetual futures, Selig said regulators are examining how to accommodate decentralized finance (DeFi) protocols and blockchain-based systems within existing rules.\u00a0<\/p>\n
Hyperliquid Policy Center Backs Selig\u2019s Push<\/h2>\n
The potential approval of US-based crypto perpetual futures has drawn attention from Hyperliquid, a decentralized exchange (DEX) that has rapidly gained prominence in the global perps market.\u00a0<\/p>\n
Just two weeks ago, the Hyperliquid Policy Center (HPC) was established with a grant of 1 million HYPE tokens. The center\u2019s mandate includes working directly with lawmakers and regulators to help shape clear rules for perpetual derivatives in decentralized markets.<\/p>\n
Following Selig\u2019s remarks, the newly formed policy group publicly welcomed the regulatory direction. The HPC said <\/a>it supports the Chair\u2019s forward-looking stance and expressed readiness to assist in ensuring that decentralized perpetual derivatives markets can develop within the United States.<\/p>\n As previously reported <\/a>by Bitcoinist, one of the center\u2019s main objectives is to secure a defined legal structure for perpetual derivatives. Jake Chervinsky, who leads the Hyperliquid Policy Center, has argued that perpetual contracts offer practical advantages compared to traditional futures and options.\u00a0<\/p>\n In his view, perps are simpler in design and provide more direct exposure to underlying crypto assets. However, without regulatory clarity, they have struggled to gain traction within the US market.<\/p>\n Activity across perpetual platforms has surged since late 2025, with total monthly volume reaching $829 billion. Analysts expect that figure could climb further if US regulators approve domestic crypto perpetual futures trading under the CFTC\u2019s new leadership.<\/p>\n At the time of writing, Hyperliquid\u2019s native token, HYPE, was trading at $31.77, having recorded losses of 2.4% over the previous 24 hours. Nevertheless, the token is one of the few to show gains over longer time frames, with year-to-date growth of 74%, according to CoinGecko data<\/a>.\u00a0\u00a0<\/p>\n Featured image from OpenArt, chart from TradingView.com\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":" The newly appointed Chair of the Commodity Futures Trading Commission (CFTC), Mike Selig, has signaled that the United States is close to introducing a regulatory framework that would allow crypto perpetual futures to trade onshore.\u00a0 The move, if finalized in the coming weeks as suggested, could reshape the digital asset derivatives market and potentially create…<\/p>\n","protected":false},"author":1,"featured_media":10417,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1218],"tags":[4518,4878,4879,36,43,4880,4881,1282,1283,1284,3774,2558,1285,4882],"class_list":["post-10416","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto","tag-cftc","tag-cftc-chair","tag-cftc-crypto","tag-crypto","tag-crypto-news","tag-crypto-perpetual-futures","tag-crypto-perps","tag-hype-news","tag-hype-price","tag-hyperliquid","tag-hyperliquid-hype","tag-hyperliquid-news","tag-hypeusdt","tag-mike-selig"],"_links":{"self":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10416","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/comments?post=10416"}],"version-history":[{"count":0,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/posts\/10416\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media\/10417"}],"wp:attachment":[{"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/media?parent=10416"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/categories?post=10416"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinsvalue.net\/blog\/wp-json\/wp\/v2\/tags?post=10416"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}<\/p>\n