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HYPE surges on Trump comment that CFTC is working to bring Hyperliquid to US

WASHINGTON, Aug. 20. HYPE, the native token of the Hyperliquid decentralized exchange, surged after President Donald Trump said Commodity Futures Trading Commission Chair Mike Selig is working to bring the protocol to the United States in a "fully compliant and legal fashion."

By Simone Attah2 min read
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Key takeaways

  • HYPE, the native token of the Hyperliquid decentralized exchange, surged after President Donald Trump said the CFTC is working to bring the protocol to the United States.
  • Trump said CFTC Chair Mike Selig is working to bring Hyperliquid to the US in a "fully compliant and legal fashion."
  • Trump named Selig directly but offered no timeline for the effort.
  • Trump's statement did not describe a registration pathway or specify how the CFTC would approach Hyperliquid's product structure.
  • No open interest data or funding-rate disclosures accompanied the president's remarks.

WASHINGTON, Aug. 20. HYPE, the native token of the Hyperliquid decentralized exchange, surged after President Donald Trump said Commodity Futures Trading Commission Chair Mike Selig is working to bring the protocol to the United States in a "fully compliant and legal fashion."

Trump named Selig directly and offered no timeline. The statement did not describe a registration pathway or specify how the CFTC would approach Hyperliquid's product structure.

Hyperliquid operates a decentralized perpetuals exchange. No open interest data or funding-rate disclosures accompanied the president's remarks.

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Frequently asked

Why did the HYPE token surge?

HYPE surged after President Donald Trump said CFTC Chair Mike Selig is working to bring the Hyperliquid protocol to the United States in a fully compliant and legal fashion.

Who is Mike Selig?

Mike Selig is the Chair of the Commodity Futures Trading Commission (CFTC), whom Trump named as working to bring Hyperliquid to the US.

What is Hyperliquid?

Hyperliquid operates a decentralized perpetuals exchange, and HYPE is its native token.

Did Trump provide a timeline or registration pathway?

No, Trump offered no timeline and his statement did not describe a registration pathway or specify how the CFTC would approach Hyperliquid's product structure.