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HYPE Jumps 11% After Trump’s Comments on Hyperliquid’s US Entry
3h56 ▪6min read ▪ byAriela R.
Getting informed▪AltcoinsSummarize this article with:
Who would have believed it! A word from Donald Trump, spoken in front of the leaders of Coinbase, Ripple, and Robinhood, was enough to move the <a href="https://xpertsstudio.com/sec-proposes-new-rules-for-the-u-s-crypto-market/" title="SEC proposes new rules for the U.S. crypto market“>crypto market. The American president states that the CFTC is currently working on a legal entry path for Hyperliquid. It is the main decentralized perpetual contracts platform. Certainly, no regulatory authorization has yet been granted. Nevertheless, the market’s reaction was immediate: the HYPE token jumped 11%.
In brief
- Donald Trump says CFTC Chair Mike Selig is working to bring Hyperliquid into the United States in a “compliant and legal” manner.
- The HYPE token moved higher, with sources reporting different figures: 11% according to CoinDesk and 6% over 24 hours according to BeInCrypto.
- No formal approval has been announced. The CFTC is expected to provide further details at its August 20 meeting.
Trump Places the Crypto Platform Hyperliquid at the Center of the CFTC’s Agenda
The announcement dates to Wednesday, August 19, during an event organized at the White House with leaders of the crypto and technology sector. Trump stated:
I understand that Mike Selig is also working to bring Hyperliquid into the United States in a fully compliant and legal way, he is working very hard on this matter.
This meeting proves all the more important as it included the participation of several crypto personalities:
- Mike Selig, chairman of the Commodity Futures Trading Commission (CFTC), the American derivatives market regulator;
- Paul Atkins, chairman of the Securities and Exchange Commission (SEC);
- Brian Armstrong, CEO of Coinbase;
- Brad Garlinghouse, CEO of Ripple;
- Vlad Tenev, co-founder and CEO of Robinhood.
Also joining were representatives from Nasdaq and Intercontinental Exchange (ICE), the parent company of the NYSE.
Hyperliquid is a decentralized crypto exchange specialized in perpetual contracts or “perps”. These derivative products allow betting on the price of a crypto asset with no expiry date and no traditional intermediary. To do this, users connect their crypto wallets directly to the platform.
To date, Hyperliquid blocks access to its services to American residents, whom it classifies as “restricted persons” in its terms of use.
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Trump’s Statement Comes at a Pivotal Moment
The CFTC is organizing on Thursday, August 20 the very first meeting of its Innovation Advisory Committee in Washington. The agenda covers:
- crypto assets;
- artificial intelligence;
- prediction markets.
In his speech, Selig mentioned that he would take this opportunity to provide further details on the regulatory roadmap.
https://twitter.com/HyperliquidPC/status/2090158897310867457%20
The groundwork has therefore been laid in advance. The Hyperliquid Policy Center and the wallet provider Phantom jointly submitted a petition to the CFTC in July. The subject: a request for DeFi protocols to be exempted from the rules usually applied to traditional crypto exchanges.
This approach is part of a broader movement: the CFTC has already authorized Coinbase Derivatives to offer perpetual futures contracts on bitcoin and Ethereum since April 2025. The same applies to the prediction market platform Kalshi.
Bringing Hyperliquid itself into the American territory, however, is a different matter. The fact is that American derivatives exchanges are subject to registration, customer protection, and market surveillance obligations. So far, these constraints have kept many crypto platforms away from the American market.
The Crypto Market Reacts Quickly: HYPE Explodes by Over 10%
Certainly, the magnitude of the movement varies depending on increase of the HYPE token price
- CoinDesk measures an 11% jump of the HYPE token after Trump’s statement.
- BeInCrypto reports an increase over 6% in 24 hours.
At the time of writing, Hyperliquid is trading around $69. Its value has increased by more than 19% over 24 hours.
The market capitalization of HYPE now reaches about $15.1 billion. This places it tenth among crypto assets. The token even surpassed Dogecoin last May to settle into this top 10.
Decoding: Hyperliquid occupies a growing place in the crypto ecosystem.
What Impact for the Crypto Platform Hyperliquid?
Legal access to the American crypto market would represent a stake that goes beyond mere announcement effects. The reason is that American traders represent the deepest derivatives market in the world. Opening to this territory could therefore channel additional volumes and fees towards the Hyperliquid ecosystem.
It could also further legitimize the model of decentralized perpetual contracts compared to traditional players like CME Group. The latter historically dominates this segment
However, this prospect is not unanimous. According to several reports, CME Group and ICE would have pressured for enhanced control of Hyperliquid. They invoke risks of market manipulation and exposure to sanctions.
Compliance issues are also not yet resolved. User registration is indeed difficult to apply to a non-custodial and fully on-chain order book. The same applies to know-your-customer (KYC) controls and leverage limits imposed on traditional crypto exchanges.
In any case, Trump’s announcement reflects a real interest from the CFTC to integrate Hyperliquid into the American regulatory framework. However, it neither constitutes an approval nor a timeline. The August 20 meeting will be the first concrete test. It will define the next trajectory of the HYPE crypto. Story to follow closely…
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Ariela R.
My name is Ariela, and I am 31 years old. I have been working in the field of web writing for 7 years now. I only discovered trading and cryptocurrency a few years ago, but it is a universe that greatly interests me. The topics covered on the platform allow me to learn more. A singer in my spare time, I also cultivate a great passion for music and reading (and animals!)
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.
Source: www.cointribune.com