Hyper Foundation allocates 1M HYPE (~$29M) to launch Washington DeFi policy center

On February 18, 2026, The Hyper Foundation said it will fund the Hyperliquid Policy Center in Washington, D.C. with 1 million HYPE tokens, valued at about $29 million, with the tokens to be unstaked later today. Jake Chervinsky will serve as founding CEO, and the nonprofit will advocate for clear rules for perpetual derivatives and on-chain market infrastructure in the U.S.