HYPE Rallies Over 17% as Trump Confirms CFTC Push to Onshore Hyperliquid

HYPE is up over 17% over the past 24 hours, rising from around $58 to a high of $72. This comes immediately after President Trump stated that the Commodity Futures Trading Commission is working to bring the decentralized exchange into the United States. Trump made the comment on Wednesday at a White House gathering of executives across crypto, tech and finance. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” he said, referring to CFTC Chairman Michael Selig, and adding that Selig was working very hard on it.

As of this writing, HYPE is trading above $70 and less than 10% from its all time highs of $76.95 set on June 16. It’s worth noting that nothing has been approved thus far and no comment has been made on what an onshore Hyperliquid would actually be, which registrations it would need, or how long that would take.

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