Gate News, April 22 — Hyperliquid Policy Center issued a statement calling for the United States to establish a regulatory framework for on-chain derivatives, enabling domestic users to participate in decentralized perpetual futures markets. The Policy Center pointed out that current U.S. laws are designed around centralized intermediaries, lacking a compliant pathway for decentralized trading, which leads to innovation and liquidity flowing out. The statement said: On-chain perpetual contracts offer self-custody, transparency, and global liquidity; and by 2025, trading volume will exceed $6.5 trillion.