# Regulatory advocacy for perpetual contract frameworks > Live situation record from CLSTR: https://clstr.news/situations/regulatory-advocacy-for-perpetual-contract-frameworks > Updated: 2026-08-26T18:50:42.000Z. Sources: 14. Developments: 2. The Hyperliquid Policy Center (HPC) has initiated efforts to shape the regulatory landscape for perpetual contracts in the United States. Initially, the HPC submitted a formal request to the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) to establish a unified regulatory framework. The proposal argued that these derivatives should be classified by their economic structure rather than their underlying assets, suggesting that cash-settled equity perpetuals could be categorized as security futures. Following this, the HPC and trade[XYZ] submitted a joint petition specifically to the CFTC regarding energy perpetual contracts. This proposal seeks a regulated pathway for 24/7 trading of contracts linked to West Texas Intermediate (WTI) crude, Brent crude, and Henry Hub natural gas. The petitioners argued that such instruments would provide essential hedging tools for industries like airlines and refiners during periods when traditional markets are closed. Additionally, the group requested that the CFTC permit the use of stablecoins and tokenized traditional collateral as eligible margin. ## Timeline ### 2026-08-26: Hyperliquid and trade[XYZ] petition CFTC for energy perpetuals Hyperliquid Policy Center and trade[XYZ] have asked the CFTC to permit regulated 24/7 energy perpetual contracts for WTI, Brent, and Henry Hub to assist firms with weekend hedging. 5 sources. https://clstr.news/cluster/hyperliquid-and-tradexyz-petition-cftc-for-energy-perpetuals ### 2026-08-24: Hyperliquid Policy Center urges SEC and CFTC to unify perpetual rules The Hyperliquid Policy Center is urging the SEC and CFTC to adopt a unified regulatory framework for perpetual contracts, proposing classification based on contract structure rather than underlying assets. 10 sources. https://clstr.news/cluster/hyperliquid-policy-center-urges-sec-and-cftc-to-harmonize-perpetual-contract-rules --- Cite as: Regulatory advocacy for perpetual contract frameworks. CLSTR, https://clstr.news/situations/regulatory-advocacy-for-perpetual-contract-frameworks