Hyperliquid Labs Submits Comments to CFTC on Eternal Swaps and 24/7 Derivatives
On May 23, Hyperliquid Labs submitted two formal comments to the US Commodity Futures Trading Commission (CFTC) in response to the agency’s recent requests for public input on the future of eternal swaps and 24/7 derivatives. The comments were submitted after a one-month commentary period on two regulatory initiatives introduced by the CFTC in April.
The CFTC’s requests for comment (RFCs), titled “Inquiry for comments on the use of eternal swaps in US markets” and “Request for comments on trade with around the clock,” aim to examine regulatory approaches for continuous trade environments and new types of derivative products. The comment period for both RFCs closed on May 21, 2025, after a one-month feedback window.
Hyperliquid Labs Praises CFTC’s Commitment to Defi Development
In a public statement, Hyperliquid Labs praised the CFTC’s commitment to these topics, describing them as “fundamentally important for the development of global markets.” The organization emphasized its commitment to the further development of Defi and its promise to deliver a more open, transparent, and efficient financial system for everyone.
According to Hyperliquid Labs, decentralized finance (Defi) can play a significant role in shaping the future of financial markets. The organization described Defi as a powerful instrument for improving transparency, efficiency, and user control in financial systems. “Hyperliquid illustrates how core principles can be put into practice in order to improve market efficiency, market integrity, and user protection,” wrote the group in a statement published on May 23.
Other Industry Submissions to CFTC’s April 2025 Consultations
Several other blockchain projects and financial companies submitted responses to the CFTC by the deadline on May 21. Coinbase, Uniswap Foundation, and Dydx Trading Inc. have publicly confirmed that they have submitted their own letters. These documents, published on the CFTC comment portal, address issues such as continuous risk monitoring, decentralized governance, and regulatory parity between centralized and decentralized platforms.
The CFTC announced both RFCs on April 10, 2025, and requested public input by May 21, 2025. This step was a continuation of the agency’s outreach efforts, which began in March 2024 when it connected the Office of Technology Innovation (OTI) directly with blockchain developers and digital asset companies.
Conclusion and Future Developments
Hyperliquid Labs has so far not been named for enforcement or compliance measures, in contrast to a number of Defi projects that have decided to avoid regulatory channels altogether. The CFTC has not stated when it will release results or the next steps in connection with the perpetuals and 24/7 trade consultations. However, the volume of submissions can influence future guidelines or rules at the end of 2025 or early 2026.
For more information on Hyperliquid Labs’ submissions to the CFTC, visit the source link.
