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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
08/20/2026

HYPE Token Rallies as Trump Says CFTC Is Working to Bring Hyperliquid to U.S.

What happened: At a White House crypto summit, President Trump stated that CFTC Chair Michael Selig is working to bring the Hyperliquid perpetual futures platform into the U.

HYPE Token Rallies as Trump Says CFTC Is Working to Bring Hyperliquid to U.S.

What happened: At a White House crypto summit, President Trump stated that CFTC Chair Michael Selig is working to bring the Hyperliquid perpetual futures platform into the U.S. in a "fully compliant and legal fashion." The HYPE token surged between 11% and 26% across exchanges, hitting an intraday high of $73.63. Selig is expected to outline a regulatory pathway at a CFTC meeting.

Why it matters: The move signals a potential shift in U.S. regulatory posture toward high-leverage, non-KYC derivatives platforms. However, bringing Hyperliquid onshore would likely require significant structural changes, including KYC and position limits, which could alter its appeal. The announcement drew attention from both crypto-native and traditional finance leaders, reflecting the growing policy focus on derivatives innovation and competitive positioning versus China.

Source: CoinDesk