Trump Backs Onboarding Hyperliquid in US Markets
At a White House gathering of crypto, tech, and finance executives on August 19, 2026, President Donald Trump publicly backed efforts to bring Hyperliquid, an offshore cryptocurrency trading venue, into the United States under federal rules. CFTC Chairman Michael Selig is working to accomplish this goal 'in a fully compliant and legal fashion,' according to Trump.
The platform has become one of the most active on-chain platforms for perpetual futures, contracts that let traders take leveraged bets on assets without a fixed expiration date. Hyperliquid has generally blocked US users, leaving a large share of that activity outside American regulation.
Trump's comment signaled that the administration wants at least some version of that market infrastructure brought onshore rather than left abroad. The remark immediately drew attention because Hyperliquid's rise has unsettled parts of traditional finance. Incumbent derivatives exchanges have watched volume migrate to a non-custodial, always-on venue that does not operate under the same customer-protection and reporting rules that govern US futures markets.