US President Donald Trump has publicly confirmed that regulators are working to ensure full and legal access for Hyperliquid to the American market. The exchange's native token, HYPE, reacted with an immediate surge of more than 6% within hours.
This statement was made on August 19 at a meeting at the White House with key representatives of the crypto industry and the technology business. Trump specifically emphasized that Chairman of the US Commodity Futures Trading Commission (CFTC) Michael Selig is leading this process.
Highest-Level Political Signal
Top executives from Coinbase, Ripple, and Nasdaq were present at the event, as well as SEC Chairman Paul Atkins. However, the main surprise was the direct mention of Hyperliquid — the largest decentralized platform for trading perpetual contracts. Currently, the exchange blocks users from the US, classifying them as restricted persons according to its user agreement.
"I know that Mike (Selig) is also working to ensure that Hyperliquid can operate in the US in full compliance with the law," Trump stated.
Selig, in turn, promised to reveal details of the regulatory process as early as Thursday. The date was not chosen by chance: on August 20, the CFTC will hold its first meeting of the Innovation Advisory Council, with crypto assets, artificial intelligence, and event prediction platforms on the agenda.
Preparation for this step has been underway for several months. As early as July, the Hyperliquid Policy Center, together with the Phantom wallet, filed a collective petition with the CFTC proposing to exempt DeFi protocols from outdated requirements imposed on traditional exchanges.
What This Means for the HYPE Price
The market reacted immediately. Over the past 24 hours, HYPE has risen by more than 6% and is trading at around $68.19 at the time of publication. The token's market capitalization is approximately $15.1 billion, securing it the tenth place among all cryptocurrencies. In May, HYPE overtook Dogecoin for the first time and entered the top 10.
Legal access to the American market is not just a matter of prestige. The US forms the largest derivatives market in the world, and legal access will bring Hyperliquid new trading volumes and commission income.
However, resistance remains. According to my data, CME Group and ICE (owner of NYSE) are insisting on tightening control over the platform, fearing manipulation and sanctions violations. Unresolved compliance issues also remain: registration, KYC procedures, and leverage limits do not align well with the non-custodial on-chain model.
My analysis: The committee meeting on Thursday will be the nearest trigger for the market. Detailed conditions from Selig or general guidelines could set the direction for the HYPE price forecast in the next phase. If the regulator offers a flexible approach, we may see a new wave of growth; if the requirements turn out to be strict — a correction. In any case, Hyperliquid is now officially in the game on American soil, and this changes the rules for the entire DeFi industry.