# Hyperliquid

**Type:** Decentralized perpetual futures exchange  
**Status:** Active, offshore, blocks US users  
**Domain:** internet-finance

## Overview

Hyperliquid is a popular decentralized exchange for perpetual futures that operates offshore and blocks US users. The platform offers oil futures contracts and other derivatives.

## Regulatory Attention

In April 2026, Rep. Austin Scott (R-GA) pressed CFTC Chair Mike Selig on Hyperliquid during Congressional testimony, arguing that despite US user blocking, Hyperliquid's oil futures contracts could "still have a dramatic impact on the domestic economy." Republicans want CFTC to require Hyperliquid to meet the same standards as regulated US futures exchanges.

## Timeline

- **2026-04-17** — Rep. Austin Scott (R-GA) pressed CFTC Chair on Hyperliquid during Congressional testimony, arguing offshore oil futures contracts impact domestic economy despite US user blocking