Hyperliquid’s native token HYPE surged more than 19% on Wednesday after President Donald Trump said the CFTC is working to bring the decentralized perpetual futures exchange to the United States.
Trump made the comments at a White House meeting with crypto and technology executives. “I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion, working very hard on that,” Trump said, referring to CFTC Chair Mike Selig.
LATEST: 📈 President Trump said the CFTC is working to bring Hyperliquid into the US "in a fully compliant and legal fashion," sending HYPE above $70. pic.twitter.com/tELCVVUSkb
— CoinMarketCap (@CoinMarketCap) August 19, 2026
Attendees at the event included Coinbase CEO Brian Armstrong, Ripple CEO Brad Garlinghouse, Robinhood CEO Vlad Tenev, and leaders from Nasdaq and Intercontinental Exchange.
HYPE rose sharply from around $62 to above $70 following Trump’s remarks. The token was trading at around $70 at the time of writing, according to TradingView data.
Crypto analyst Ash Crypto posted on X shortly after the announcement, noting that $HYPE was up 17% in just 10 minutes following Trump’s confirmation that the CFTC is actively working on bringing Hyperliquid stateside. The post quickly gained traction in the crypto community.
BREAKING: 🇺🇸 President Trump says the CFTC is working to bring Hyperliquid into the United States.$HYPE is up +17% in last 10 minutes 🚀 pic.twitter.com/G3NVt7mwvO
— Ash Crypto (@AshCrypto) August 19, 2026
Hyperliquid is a blockchain-based exchange best known for perpetual futures, or “perps.” These contracts let traders bet on asset prices without owning them and have no expiration date. Users connect crypto wallets directly to the platform rather than going through a traditional broker.
The platform currently operates offshore and does not serve U.S. customers directly. Bringing it onshore would require meeting U.S. rules on registration, customer protections, and market oversight.
Trump did not outline what an onshore version of Hyperliquid would look like or what approvals would be needed. His comments do not mean the CFTC has approved the exchange.
The CFTC has been expanding its crypto derivatives approvals. It cleared Coinbase Derivatives to offer perpetual-style bitcoin and ether futures in April 2025. It also approved prediction market Kalshi to list the first U.S.-regulated Bitcoin perpetual contract.
The CFTC is holding its first IAC meeting on Thursday. The agenda includes discussion on bringing offshore platforms like Hyperliquid to the U.S.
The Hyperliquid Policy Center and its CEO Jake Chervinsky have been lobbying for a regulated pathway for on-chain perpetual futures in America. The group also sent a comment letter to the SEC pushing for onshore pre-IPO perpetual markets.
HYPE was trading around $70 at the time of the White House event, up over 19% on the day.
The post Hyperliquid (HYPE) Price: HYPE Spikes 19% as Trump Says CFTC Is Working to Bring It to the U.S. appeared first on CoinCentral.
