- Trump says the CFTC is working on a compliant Hyperliquid US route.
- HYPE briefly surged from about $62 to $72.30 after the remarks.
- Matt Hougan amplified the development as traders watched record territory.
Hyperliquid moved sharply higher after President Donald Trump said regulators are working on a compliant US path for the platform. HYPE price briefly jumped from about $62 to $72.30 after the remarks. Trump spoke during a White House gathering of crypto executives, regulators and technology leaders on August 19 in Washington.
HYPE Price Rallies as Trump Signals Hyperliquid US Access
Trump pointed to CFTC Chairman Michael Selig as the official leading the effort. He said Selig was working to bring Hyperliquid into the country in a fully compliant and legal manner.
The HYPE price reaction was immediate. The token approached $72.30 before easing below $70, bringing its June record near $76 back into focus.
Bitwise CIO Matt Hougan also amplified the development on X. He shared Trump’s remark and described the moment as striking for the industry. Hyperliquid Policy Center CEO Jake Chervinsky separately said Hyperliquid was coming to America.
The regulatory groundwork has been building for months. In July, the Hyperliquid Policy Center and Phantom petitioned the CFTC for rules better suited to non-custodial DeFi protocols. They argued that legacy exchange requirements do not fit decentralized software cleanly.
CFTC Path Could Reshape Hyperliquid US Market Access
The next policy signal may come from Selig. The CFTC holds its first Innovation Advisory Committee meeting on August 20. Its agenda covers crypto assets, artificial intelligence and prediction markets.
A legal Hyperliquid US entry could widen access to one of the world’s deepest derivatives markets. American users are currently restricted under the platform’s terms.
Still, major questions remain around registration, know-your-customer checks and leverage limits. Those rules are harder to apply to an onchain, non-custodial order book.
For HYPE price, immediate resistance sits between $70 and $72.30. A sustained break above that range would shift attention toward the June high near $76.
A rejection could send HYPE price toward the $62 to $63 zone where the latest rally began. That makes Selig’s next comments important for both CFTC regulation and the near-term HYPE price setup.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
