Hype Crosses $80 Threshold Amid Trump's Regulatory Overhaul

Hype, the native token of Hyperliquid, has broken through the $80 mark for the first time. The rally was triggered by U.S. President Donald Trump's remarks that Mike Selig, chairman of the CFTC, is working to bring Hyperliquid into the U.S. under full regulatory compliance.

According to CoinMarketCap, Hype surged to $81.43 on the 22nd, setting a new all-time high. This marks the first time Hype has crossed the $80 threshold. As of the 23rd, Hype is up nearly 30% over the past week, trading above $73, a level not seen since June.

The sharp rally stems from President Trump's statement that Mike Selig is working to bring Hyperliquid into the U.S. under full regulatory compliance. This has been interpreted as a signal that the DeFi regulatory environment in the U.S. is shifting in a more favorable direction.