President Donald Trump has said the CFTC is working on a legal path to bring Hyperliquid into the US, signaling a potential route for onchain perpetual futures to operate under federal oversight. A regulated structure could expand Hyperliquid's access to US derivatives liquidity, though registration, surveillance and compliance requirements may challenge its offshore trading model.

Hyperliquid Policy Center and trade(XYZ) have urged the Securities and Exchange Commission to recognize pre-initial public offering perpetuals as a legitimate derivatives product. In a joint comment letter, the companies say pre-IPO perpetual derivatives could bridge the gap between private valuation and public listing execution, highlighting the potential for pre-IPO perpetuals to improve price discovery and benefit both investors and issuers.

President Donald Trump has met with cryptocurrency leaders at the White House to express support for the industry and to urge Congress to pass the Clarity Act, which would create business-friendly regulations for the sector. Trump's involvement in cryptocurrency has generated significant wealth for his family, raising concerns about conflicts of interest.

Capitalize on GPU volatility or lock in processing costs with Compute futures. These emerging, standardized tools are designed to provide targeted price discovery and flexible risk management tailored to your AI expansion horizon.

Bombay Stock Exchange has partnered with MSCI to expand its index derivatives offerings beyond SENSEX, aiming to capture a larger share of India's derivatives market. The collaboration will introduce futures and options contracts linked to MSCI indexes, pending regulatory approval.

Cantor Fitzgerald will provide institutional clients with access to Kalshi's prediction markets, allowing them to trade event-based contracts tied to weather, commodities and corporate results. The move is expected to attract interest from hedge funds and family offices seeking to hedge risks more creatively.

Perpetual futures are expanding from bitcoin into gold, equities and FX after US regulators approved expiry-less contracts this summer. Banks and institutions are analyzing costs and basis-trade economics, but remain cautious about adopting products long associated with offshore crypto venues.

The Commodity Futures Trading Commission is seeking public input on the potential for futures contracts based on computing power, which is essential for artificial intelligence. The CFTC's initiative comes as exchanges such as CME Group and Intercontinental Exchange show interest in trading these contracts to help mitigate risks related to energy shortages. "America cannot win the AI race without a robust derivatives market for compute," CFTC Chairman Michael Selig says.

At the White House Innovation Meeting, President Trump highlighted the administration's active efforts to build a comprehensive US crypto framework. He emphasized the need for a clear regulatory environment to keep American crypto and AI industries at the forefront globally, and pointed to the US strategic Bitcoin reserve as a sign of the administration's commitment to the industry.

The Securities and Exchange Board of India has barred a JPMorgan-owned Mauritius entity and Mansi Share and Stock Broking over alleged manipulation of the country's new closing auction mechanism. SEBI said aggressive orders around Sensex-linked derivatives expiry distorted closing prices, underscoring early risks in a reform meant to improve price discovery.