Bloomberg: Trade.xyz and Hyperliquid are lobbying regulators to open up U.S. pre-IPO perpetual contracts

According to Bloomberg, Trade.xyz and Hyperliquid are inspired by their success and are pursuing grander goals. They are lobbying regulators in hopes of opening pre-IPO perpetual contracts in the United States, claiming that these tools can help modernize the traditional IPO process by improving price discovery. Hyperliquid operates outside the United States and has not officially opened to U.S. traders. Trade.xyz is also subject to the same restrictions.