HPC and TradeXYZ jointly sent a letter to the CFTC, calling for the inclusion of energy perpetual contracts in the U.S. regulatory market

The Hyperliquid Policy Council (HPC) and TradeXYZ jointly submitted a comment letter to the U.S. Commodity Futures Trading Commission (CFTC), calling for the inclusion of energy perpetual contracts in the regulated U.S. market.

The article mentions that in February this year, due to the Middle East conflict causing disruptions in crude oil exports and the U.S. futures market being closed, overseas market participants were able to manage risk exposure through crude oil-linked perpetual contracts on Hyperliquid. Approximately two-thirds of the price changes were completed on-chain during the first weekend of the conflict.

In May this year, the CFTC approved the first batch of cryptocurrency-based perpetual contracts to be traded as futures in the U.S., and in June, it publicly solicited opinions on energy perpetual contracts. The comment letter suggests that the CFTC establish a technology-neutral framework to evaluate energy perpetual contracts and 24/7 trading, confirm that exchanges can operate around the clock, recognize stablecoins and tokenized collateral as eligible margin, and allow regulated markets to use on-chain infrastructure for execution, clearing, and settlement.