Hyperliquid starts DeFi lobbying group with $29 million token backing

Hyperliquid has officially launched a new lobbying group focused on decentralized finance (DeFi), backed by a substantial investment of $29 million in tokens. This initiative signals Hyperliquid's commitment to advocating for policies and regulations that support the growth and development of the DeFi sector, aiming to influence legal frameworks and promote innovative practices within the industry. The substantial token backing not only demonstrates confidence in the project's mission but also provides the necessary resources to engage with policymakers and stakeholders in the financial ecosystem effectively. source: https://www.coindesk.com/policy/2026/02/18/hyperliquid-starts-defi-lobbying-group-with-usd29-million-token-backing