Hyperliquid (CRYPTO: HYPE) and Hyperliquid Strategies Inc (NASDAQ:PURR) are up 22% and 33%, respectively, following President Trump’s comment on Wednesday that the administration will work on bringing the decentralized exchange to the United States.
HYPE Is Just The ‘Tip‘
Speaking at the White House crypto meeting, Trump said CFTC Chairman Mike Selig is working on creating a "fully compliant and legal" pathway for Hyperliquid in the U.S.
The development drew attention from former Binance CEO Changpeng “CZ” Zhao, who sees potential U.S. legalization or formal regulation of Hyperliquid as a win for the broader crypto industry.
At the SALT Conference in Wyoming, Zhao characterized Hyperliquid as the “tip” that could pave the way for a broader wave of decentralized platforms to gain legitimate access to the U.S. market.
