The US Allows Perps, but Onchain Perps Are Still a Different MatterOn September 7, 2026, Jake...

The US Allows Perps, but Onchain Perps Are Still a Different MatterOn September 7, 2026, Jake Chervinsky jchervinsky , CEO of the Hyperliquid Policy Center, said in an interview with The Rollup that the U.S. has allowed exchanges to offer bitcoin perpetuals, but onchain perps face a different regulatory challenge.He noted that the CFTC has approved Coinbase and Kraken to offer bitcoin perps, but the approvals still apply to traditional centralized exchanges, leaving permissionless blockchains like Hyperliquid without a clear compliance path. He said the key goal is to bring onchain markets into the U.S., rather than simply returning perpetuals to traditional market structures.

Source: Wu Blockchain