President Donald Trump said Wednesday that CFTC Chairman Mike Selig is working to bring Hyperliquid into the United States legally, through a compliant legal framework. The remarks came during a White House meeting with technology and crypto executives, and they moved markets almost immediately: HYPE climbed from roughly $62 to $72.30, a gain of about 16%, as traders reacted to the prospect of a possible regulated U.S. path for the platform. Any U.S. expansion would still require Hyperliquid to meet registration, compliance, customer protection, and market oversight rules.

Trump Points to CFTC Work

Trump said Selig was working to bring Hyperliquid into the United States in a fully compliant and legal fashion. As an example of that approach, he cited Selig’s authorization of the first “true” Bitcoin perpetual futures contract on a CFTC-registered exchange in May. Hyperliquid focuses on perpetual futures, which let traders speculate on asset prices without fixed expiration dates; the venue runs its trading on its own blockchain, and HYPE is its native token. However, Trump did not explain how a U.S. version of the platform would operate, and he did not say which approvals Hyperliquid would need in order to proceed.

U.S. Rules Remain Central

U.S. derivatives venues must meet registration, customer protection, and market oversight requirements before serving American customers. Those rules have limited direct access for many offshore crypto derivatives platforms. The division of authority in Washington is central to that dynamic: the CFTC oversees futures and derivatives, while the SEC oversees securities markets, which is why a perpetuals-focused platform’s route into the U.S. runs through CFTC registration. Selig has argued that regulators can adapt existing rules for onchain markets, and in June he said regulators wanted a path for onchain markets to operate domestically under federal requirements.

The CFTC has cleared regulated perpetual-style Bitcoin and Ether futures for U.S. platforms, and Coinbase and Kalshi have offered similar products on their own venues. Hyperliquid’s growth has drawn attention because perpetual futures remain a major offshore trading product; the platform provides round-the-clock exposure to assets, including markets linked to commodities such as oil.

HYPE Reacts as Trump Urges Clarity Act

HYPE rose sharply after Trump’s comments on Wednesday, and Hyperliquid-linked securities also gained during the same session. Shares of Nasdaq-listed Hyperliquid Strategies climbed 30.4% to $9.39, according to the provided market data.

Trump also used the meeting to urge Congress to pass the Digital Asset Market Clarity Act, saying the legislation would help keep the U.S. ahead of China and other countries. The bill is intended to divide oversight of digital asset trading between the CFTC and the SEC, clarifying which transactions each regulator supervises. A procedural vote on the bill is expected in September, and the legislation would still need to pass both chambers of Congress before it could become law, while lawmakers remain divided over parts of the framework.

Meanwhile, the CFTC and SEC continue shaping digital asset markets through existing regulatory processes. Trump’s comments do not represent CFTC approval, and any eventual U.S. structure would still depend on registration, compliance, market surveillance, and applicable rules.