- Donald Trump said CFTC Chairman Mike Selig is working to bring Hyperliquid into the U.S. through a compliant legal framework.
- HYPE rose about 16% after Trump’s remarks, climbing from roughly $62 to $72.30 as markets reacted to potential U.S. access.
- Any U.S. expansion would still require Hyperliquid to meet registration, compliance, customer protection, and market oversight rules.
President Donald Trump said Wednesday that CFTC Chairman Mike Selig is working to bring Hyperliquid into the U.S. legally. The remarks came during a White House meeting with technology and crypto executives. HYPE then climbed from about $62 to $72.30, gaining roughly 16% after Trump discussed a possible regulated U.S. path.
Trump Points To CFTC Work
Trump said Selig was working to bring Hyperliquid into the United States in a fully compliant and legal fashion. He cited Selig’s authorization of the first “true” Bitcoin perpetual futures contract on a CFTC-registered exchange in May.
Hyperliquid focuses on perpetual futures, which let traders speculate on asset prices without fixed expiration dates. However, Trump did not explain how a U.S. version would operate. He also did not say which approvals Hyperliquid would need.
U.S. Rules Remain Central
U.S. derivatives venues must meet registration, customer protection and market oversight requirements. Those rules have limited direct access for many offshore crypto derivatives platforms. Selig has argued that regulators can adapt existing rules for onchain markets.
In June, he said regulators wanted a path for onchain markets to operate domestically under federal requirements. The CFTC has cleared regulated perpetual-style Bitcoin and Ether futures for U.S. platforms. Coinbase and Kalshi have offered similar products.
Hyperliquid’s growth has drawn attention because perpetual futures remain a major offshore trading product. The platform provides round-the-clock exposure to assets, including markets linked to commodities such as oil.
HYPE Reacts As Trump Urges Clarity Act
HYPE rose sharply after Trump’s comments, while Hyperliquid-linked securities also gained Wednesday. Nasdaq-listed Hyperliquid Strategies shares climbed 30.4% to $9.39, according to the provided market data.
Trump also urged Congress to pass the Digital Asset Market Clarity Act during the meeting. He said the legislation would help keep the U.S. ahead of China and other countries. A procedural vote is expected in September, while lawmakers remain divided over parts of the framework.
Meanwhile, the CFTC and SEC continue shaping digital asset markets through existing regulatory processes. Trump’s comments do not represent CFTC approval. Any U.S. structure would still depend on registration, compliance, market surveillance and applicable rules.
