According to online reports, Hyperliquid Labs issued a document saying that Hyperliquid Labs submitted two opinion letters to the U.S. Commodity Futures Trading Commission (CFTC) in response to its recent public request for Comment on perpetual contracts and 24/7 trading. We appreciate the CFTC's active participation on these issues, as such understandings are crucial to the evolution of global markets. Supporting the development of DeFi in the United States through open dialogue and a clear regulatory framework is a key opportunity to ensure that the United States continues to lead the field of financial innovation while effectively protecting user interests.