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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. Related reading - Bitcoin falls to $63,304 as cooling inflation lifts equities but bypasses $BTC
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