https://crypto.news/what-is-hyperliquid-how-does-it-work/
President Trump announced that the Commodity Futures Trading Commission (CFTC) is exploring a legal pathway to allow Hyperliquid, a blockchain-based perpetuals exchange, to operate in the U.S. The CFTC has reportedly directed staff to consider rules for non-registered crypto exchanges. Trump’s comments come as Hyperliquid’s native token, HYPE, has seen a 40.8% increase over the past week. The move has outperformed both Bitcoin (BTC) and Ethereum (ETH), which rose 22.5% and 30.0%, respectively, during the same period. Market participants appear to view this regulatory development as potentially supportive of further increases in HYPE’s value.
Key Takeaways
Trump’s statement suggests potential U.S. regulatory accommodation for Hyperliquid, which may support increased volume and interest in HYPE.
Hyperliquid’s recent performance shows a significant rise in HYPE, outpacing major cryptocurrencies like BTC and ETH.
