Hyperliquid's native token, HYPE, surged 22% to $71.61 on Wednesday following comments from President Donald Trump indicating that regulatory officials are exploring a legal framework for the decentralized perpetual futures platform to enter the United States market.
Speaking during a White House meeting with financial, technology, and cryptocurrency executives, Trump stated that Commodity Futures Trading Commission (CFTC) Chair Michael Selig is working to establish a compliant route for Hyperliquid to operate domestically.
While the president's remarks do not constitute formal regulatory approval, they confirm that the CFTC is examining how the decentralized platform could comply with federal derivatives regulations. Perpetual futures allow traders to speculate on asset prices without expiration dates and currently represent a major share of global crypto trading, though they have historically been restricted to offshore and decentralized platforms due to US regulatory limitations.
Operating within the US would likely require Hyperliquid to meet comprehensive standards regarding registration, customer protection, market surveillance, anti-money laundering compliance, and derivatives trading rules.
The White House gathering included prominent figures from the digital asset and traditional financial sectors, such as Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, and Nasdaq CEO Adena Friedman, alongside government officials including SEC Chair Paul Atkins and White House crypto adviser Patrick Witt.
Driven by the announcement and a broader cryptocurrency market recovery that saw nearly $3 billion in liquidations over a 24-hour period, HYPE moved closer to its all-time high of $76.87. Technical analysis indicates that the token faces an immediate resistance zone between $73 and $76, with a breakthrough potentially opening a path toward the next major resistance level near $94.80, while failure to clear the range could prompt profit-taking.
