SEC Exemption Opens US Market to Hyperliquid's Tokenized Stocks

The US market has opened up to Hyperliquid's HIP-3 system thanks to a five-year innovation exemption granted by the SEC. This regulatory clarity is expected to drive both institutional and retail demand for tokenized stocks, a new asset class. Payward, Kraken's parent company, will offer Hyperliquid trading to US clients via Kraken and upcoming Bitnomial CFTC-regulated launches.

The price of HYPE has been influenced by this development, trading at $84.72, up 7.91% on the day and holding near its session high. The asset remains above its key moving averages, reflecting ongoing bullish momentum.

According to technical analysis, there is a high likelihood of gains as the price consolidates near resistance within a volatility band of $82.02 to $85.88 over the next 2-3 days.