Trump Backs Hyperliquid US Entry, HYPE Token Soars
Hyperliquid's native cryptocurrency, HYPE, experienced a significant price surge of over 19% after US President Donald Trump announced that the Commodity Futures Trading Commission (CFTC) is facilitating the platform's entry into the US market.
The announcement was made during a White House summit featuring prominent industry leaders, including Brian Armstrong of Coinbase and Brad Garlinghouse of Ripple.
Trump mentioned CFTC Chair Mike Selig by name, stating that he is 'working very hard' to bring Hyperliquid into the US in a fully compliant and legal fashion.
The price of HYPE climbed from around $62 to breach the $70 threshold, with market analyst Ash Crypto noting that it surged 17% within a mere 10-minute window after Trump's confirmation.