Hyperliquid Policy Center and TradeXYZ Urge CFTC to Allow US Oil Perpetuals

What happened: The Hyperliquid Policy Center and TradeXYZ submitted a joint letter to the CFTC, urging the agency to establish a regulatory framework for 24/7 trading of energy perpetual contracts. The letter cites recent Middle East supply disruptions as evidence for the need for continuous price discovery and recommends a technology-neutral, principles-based approach that would permit stablecoins and tokenized assets as margin.

Why it matters: If adopted, the proposal could pave the way for round-the-clock trading of oil and other energy derivatives in the U.S., a significant departure from traditional market hours. This would align U.S. policy with global crypto derivatives trends and could improve risk management for businesses exposed to energy price shocks. The move also signals growing pressure on regulators to harmonize rules for digital and traditional financial products.

Source: The Block, Crowdfund Insider