The Commodity Futures Trading Commission should adopt a regulatory framework for energy perpetual contracts to bring the products to the U.S., the Hyperliquid Policy Center and perpetuals trading platform trade[XYZ] said in a letter on Wednesday.
The Hyperliquid Policy Center and trade[XYZ] pointed to disruptions in global supply chains in the Middle East earlier this year after the United States and Israel conducted missile strikes on Iran, which triggered supply shocks.
That happened over the weekend, so traditional oil futures markets were closed, but platforms like Hyperliquid operate 24/7, so much of the trading happened onchain.
"When another crisis breaks on a Saturday night, American businesses should not have to wait until Sunday evening to manage their risk," HPC said.
Hyperliquid has become popular among crypto derivatives traders and came into the spotlight last week at the White House when President Donald Trump said that CFTC Chair Michael Selig was working to bring the perpetual trading platform Hyperliquid into the U.S. in a "fully compliant and legal fashion." Perpetuals, or perps, are a type of futures contract that don't have an expiration date and allow people to bet on the price movement of assets without owning them directly.
