Trump Takes Notice of Obscure Crypto Trading Platform Hyperliquid
Hyperliquid, an obscure crypto platform, has caught the attention of former US President Donald Trump. The platform's backers view it as a technological feat that can solve speed and cost issues in crypto trading.
David Schamis, CEO of Hyperliquid Strategies, said 'Markets like choices, and having more interesting ways to trade is a good thing.'
Hyperliquid has tapped lobbying firms BGR Group and Sullivan & Cromwell for help with policy and regulatory matters. The platform's developers have also met with the Commodity Futures Trading Commission (CFTC) to discuss bringing Hyperliquid onshore.
Some Wall Street executives, including Intercontinental Exchange Founder Jeffrey Sprecher, have expressed admiration for Hyperliquid's developers but are not yet ready to invest in perps, or perpetual contracts.