Hyperliquid Launches DeFi Lobbying Group Backed by $29M in HYPE Tokens

The Hyperliquid Foundation has initiated a new decentralized finance (DeFi) lobbying entity, the Hyperliquid Advocacy Collective (HAC). This group is uniquely funded by a substantial treasury of 12 million HYPE tokens, valued at approximately $29 million. The primary mission of the HAC is to engage with policymakers and regulators in Washington D.C., advocating for clear and constructive regulations that support innovation within the DeFi and Layer 1 blockchain sectors. This strategic move aims to bridge the gap between the rapidly evolving decentralized technology landscape and the current legislative framework, positioning Hyperliquid as a proactive leader in shaping the future of digital asset governance.