If CLARITY stalls, on-chain perps stay offshore — and US traders get pushed out

Hyperliquid launched a policy center in Washington on Feb. 18, seeded with 1 million HYPE tokens worth roughly $28 million, led by Jake Chervinsky, the crypto lawyer who spent years building the industry’s Capitol Hill playbook.

The Hyperliquid Policy Center operates as a 501(c)(4) focused on decentralized finance and perpetual derivatives. This isn’t just another crypto company hiring lobbyists. It’s a protocol that funds a sustained DC presence with its native token, making policy infrastructure part…