HYPE Jumps +23% as CFTC Pathway Raises Hyperliquid US Market Hopes
The Hyperliquid HYPE token rose sharply on August 19 and 20 after President Donald Trump said the Commodity Futures Trading Commission was working to bring the platform to the United States in a fully compliant and legal manner.
CoinGecko data puts HYPE at $71.9 on August 20, up more than +23% over 24 hours and +26% over seven days. It is one of the best-performing tokens today, alongside Ethereum (+18.5% on the day), as the total market cap surged +7.5% to $2.45 trillion overnight.
The comments do not amount to regulatory approval, registration, or authorization for a US launch. They have nevertheless strengthened expectations that on-chain perpetual-futures markets could eventually receive a formal US compliance pathway rather than remain outside the American market.
Trump says the CFTC is working to bring Hyperliquid to the US.$HYPE jumped 11% on the news.
The quote, from today's White House crypto meeting: "I understand that Mike [Selig, CFTC Chairman] is also working to bring Hyperliquid into the United States in a fully compliant andโฆ pic.twitter.com/ob37AH59OS
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