Hyperliquid (HYPE) Price: HYPE Spikes 19% as Trump Says CFTC Is Working to Bring It to the U.S.
TLDR
- HYPE jumped over 19% after President Trump said the CFTC is working to bring Hyperliquid to the U.S.
- Trump made the comments at a White House crypto summit attended by major crypto and exchange executives.
- HYPE broke above the $70 level, rising from around $62 before the announcement.
- Hyperliquid currently operates offshore and is not accessible to U.S. users.
- The CFTC is holding its inaugural IAC meeting Thursday, with offshore crypto platforms on the agenda.
Hyperliquid’s native token HYPE surged more than 19% on Wednesday after President Donald Trump said the CFTC is working to bring the decentralized perpetual futures exchange to the United States.
Trump made the comments at a White House meeting with crypto and technology executives. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion, working very hard on that,” Trump said, referring to CFTC Chair Mike Selig.
LATEST: 📈 President Trump said the CFTC is working to bring Hyperliquid into the US "in a fully compliant and legal fashion," sending HYPE above $70. pic.twitter.com/tELCVVUSkb
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