Hyperliquid surges 22% as Trump signals potential pathway into US market

Key takeaways

• Hyperliquid’s HYPE token surged 22% to $71.91 following comments from President Donald Trump.
• Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the US through a compliant and legal framework.
• HYPE must overcome resistance between $73 and $76 to challenge its record high of $76.87.

Hyperliquid (HYPE) rallied more than 20% on Wednesday after President Donald Trump revealed that the Commodity Futures Trading Commission is working on a potential regulatory pathway for the decentralized perpetual futures platform to enter the United States.

HYPE jumped 22% to $71.61 following the remarks, approaching its all-time high of $76.87 as optimism surrounding potential US expansion added to a broader cryptocurrency market recovery.

Trump signals compliant pathway for Hyperliquid

Speaking during a White House meeting with cryptocurrency, financial and technology executives, Trump said CFTC Chair Michael Selig was wor...