[CoinDesk] Hyperliquid treasury firm seeking U.S. regulatory nod as a domestic futures platform

Hyperliquid’s treasury firm is seeking U.S. regulatory approval to operate as a domestic futures commission merchant, aiming to serve U.S. clients under full compliance. The company said timing for the nod remains uncertain, leaving the launch schedule unresolved. The move matters because it could bring Hyperliquid’s treasury and futures-related activity into the regulated U.S. derivatives framework. What to watch next is whether regulators grant FCM status and how quickly the firm can begin compliant U.S. client activity.