President Donald Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the United States in a fully compliant and legal fashion, putting the White House behind a domestic path for a perpetual futures venue that currently geoblocks American traders.
Trump made the remark Wednesday at a White House event alongside agency heads and exchange executives, including ICE Chief Executive Jeffrey Sprecher, whose company spent the spring pressing regulators to rein the platform in.
Onshoring Hyperliquid would place a non-custodial protocol inside the rulebook that governs CME and ICE, a question the CFTC has so far answered one product at a time, without rulemaking. It would also resolve, in Hyperliquid's favor, the campaign incumbent exchanges have run since May to bring the platform under federal oversight or keep it away from US customers.
HYPE traded near $69.56 late Wednesday, up about 19% over 24 hours, according to CoinGecko data. Hyperliquid Strategies, the Nasdaq-listed HYPE treasury company that trades as PURR, closed up 30.4% at $9.39, its largest single-day gain on record. CME Group and Cboe Global Markets fell as much as 3.4% and 6.1% during the session before closing down 1.7% and 3.5%.
