HYPE Token Surges 17% as Trump Backs Hyperliquid Expansion into US Markets

Key Facts

In a move reflecting the growing political momentum to integrate decentralized trading technologies into the US financial system, the HYPE token experienced a significant rally. According to reports, the token surged over 17% within 24 hours to reach a high of $72 following comments from President Trump. The President confirmed that the Commodity Futures Trading Commission (CFTC) is actively working to bring the Hyperliquid decentralized exchange into the United States, noting that Chairman Michael Selig is focused on ensuring the move is fully compliant and legal.

This surge comes amid intense competition in the derivatives sector, where Hyperliquid has previously faced scrutiny from major incumbents like CME Group and ICE regarding compliance standards. However, direct presidential backing provides a massive fundamental catalyst, potentially opening the platform to the world's deepest derivatives market. Per market data, this regulatory shift follows a path already established for platforms such as Coinbase Derivatives, suggesting a broader trend toward onshore crypto derivatives integration.

Looking ahead, market participants are closely monitoring official statements from the CFTC for confirmation of the regulatory framework and timeline. According to the economic calendar, the CFTC released its Commitment of Traders report on August 14, 2026, which offers insight into institutional positioning. While specific real-time price data is currently unavailable in the database, the qualitative outlook remains focused on whether the token can challenge its previous all-time high of $76.95 as regulatory clarity improves.