Hyperliquid Policy Committee urges EU to regulate onchain perpetuals under MiFID II
- —HPC proposes classifying onchain perpetuals as MiFID II financial instruments, avoiding new laws
- —HPC argues perps on public CLOBs differ from CFDs, so retail restrictions should not apply
- —HPC seeks to cut reporting burdens since public blockchain data is already verifiable onchain
- —The European Commission's MiCA review consultation closed on September 30
Why it matters: If the EU adopts the MiFID II approach, onchain derivatives gain a clear legal status in a major regulated market, shaping liquidity access for DEXs.
Source: TokenPost