Bitcoin announced today Fed minutes Then it is about to lose the level of 66 thousand dollars. The real problem is the PCE figures with the Supreme Court tariff decision expected on Friday. It would not be surprising if investors reduce their risks in the coming hours. So what did the Hyperliquid Foundation do?
HYPE Coin Regulation Fund
Why can’t guns be banned in America? One of the biggest reasons is that this will cause politicians to lose funds along with losing votes in the elections. The USA allows lobbying activities to be carried out officially. If you want the right to be armed, gun companies and citizens who want to be armed support the election campaigns of politicians with this sensitivity.
That’s why American-based cryptocurrency companies will spend tens of millions of dollars by 2024. in US elections spent on lobbying activities. Money flowed to whoever was cryptocurrency friendly, and fortunately, since there is no one funding you to be crypto-friendly, many politicians have changed their stance to take advantage of this. If we can talk about cryptocurrency regulations at this point today, intense crypto lobbying activities in the last elections have a share in this.
Hyperliquid Foundation That’s exactly why he allocated a $29 million lobby fund because he wanted clarity (or, to be more precise, mercy) in financial regulations for DeFi.
This is where the rhetoric directed at the politicians we see in the movies, “You scum, you don’t attack him because he is your biggest donor, you protect him” comes from. Because that’s the way things work.
“Hyper Foundation will donate 1 million HYPE tokens to support the establishment of the Hyperliquid Policy Center.
Tokens will no longer be staked later today. “The Hyperliquid community will benefit from representation in Washington, DC, and we are confident that the Hyperliquid Policy Center, under Jake Chervinsky’s leadership, will make a meaningful impact in favor of clear regulations for decentralized finance.”
Hyperliquid (HYPE) Coin
Hyperliquid Policy Center is a big step towards keeping DeFi, and specifically Hyperliquid, protected in the long term. Hyperliquid is a rival to Coinbase, an exchange that has long been active in Washington DC and finances election campaigns for crypto-friendly policies.
Considering what happened to Binance, the biggest rival of the Coinbase exchange in the USA, it is not impossible for “crypto-friendly but anti-DeFi politicians” to defeat competitors like Hyperliquid in the future. In this respect too HYPE Coin The last step is positive for its future. (If you remember, the SBF fraudster was applauded in Congress for proposing nonsense such as KYC requirement for DeFi UI. His only reason was to defeat his decentralized competitors.)
Maintaining $28 support HYPE Coin It is doing quite well compared to almost all other altcoins. While they all dropped to new 300-500 day lows, HYPE Coin continues to target $35.
