The U.S. Commodity Futures Trading Commission (CFTC) is planning to establish clear regulations for offshore decentralized exchanges (DEXs) such as Hyperliquid. CFTC Chair Mike Selig, during a House Agriculture Committee hearing, emphasized the agency's goal to bring these markets onshore and under U.S. regulatory oversight. Hyperliquid, anticipating regulatory scrutiny, has formed the Hyperliquid Policy Center to advocate for favorable DeFi regulations. Despite current restrictions on U.S. citizens using Hyperliquid, the platform has experienced a surge in trading activity, particularly in non-crypto assets like oil and gold. This has led to increased bullish sentiment on HYPE, Hyperliquid's native token. A significant investor recently increased their HYPE holdings by $25.9 million, totaling $180.5 million, although the token's price has stalled below $45 following a 31% rise earlier in April.