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HYPE Rallies Over 17% as Trump Confirms CFTC Push to Onshore Hyperliquid$HYPE is up over 17% over the past 24 hours, rising from around $58 to a high of $72. This comes immediately after President Trump stated that the Commodity Futures Trading Commission is working to bring the decentralized exchange into the United States. Trump made the comment on Wednesday at a White House gathering of executives across crypto, tech and finance. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion,” he said, referring to CFTC Chairman Michael Selig, and adding that Selig was working very hard on it.
JUST IN: hyperliquid:native has jumped over 17% to above $68 after President Trump said the CFTC is working to bring Hyperliquid into the United States in a "fully compliant and legal fashion."
This matters because the CFTC has already cleared US venues like Coinbase… pic.twitter.com/vScnKxvvGd
— Cryptopolitan (@CPOfficialtx) August 20, 2026
As of this writing, $HYPE is trading above $70 and less than 10% from its all time highs of $76.95 set on June 16. It’s worth noting that nothing has been approved thus far and no comment has been made on what an onshore Hyperliquid would actually be, which registrations it would need, or how long that would take.
The Room Included Some of the Platform’s Loudest Critics
CME Group and ICE have in the past pressed regulators to scrutinize Hyperliquid over supposed price manipulation and sanctions exposure. Executives from that side of the market were present at the gathering on Wednesday. Trump’s backing of the platform happened in the presence of some of the strongest critics who were looking to bring tighter rules for months.
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