Trump Confirms CFTC Efforts to Bring Hyperliquid to US, HYPE Soars Above $70

US President Donald Trump's comments at the White House crypto summit have sent shockwaves through the market, propelling HYPE above $70. The price surge follows Trump's confirmation that the CFTC is working to bring Hyperliquid into the US in a fully compliant and legal fashion.

This development has been met with optimism from the crypto community, who see it as a major step forward for regulatory clarity. However, it remains to be seen how this will ultimately affect HYPE's price, as the CFTC's efforts have yet to bear fruit.

The CFTC's openness to making derivatives more accessible to Americans has been evident in recent months, with the regulator approving the listing of several crypto derivatives, including the prediction market Kalshi's Bitcoin perpetual contract.