Trump's Team Explores Regulated Entry for Hyperliquid in US Market
President Donald Trump's administration is exploring ways to bring the Hyperliquid trading platform into the US market. The plan, dubbed 'Hyperliquid,' involves a separate regulated product built with Kraken parent company Payward and its CFTC-regulated subsidiary Bitnomial.
The proposed structure would allow U.S. customers to access Hyperliquid-related markets while operating within domestic regulatory requirements. However, this approach would create a two-tier system: a broader offshore venue alongside a more restricted U.S. product designed for compliance.
Regulatory changes remain a significant hurdle, with the CFTC and Securities and Exchange Commission potentially needing to address rules governing custody and market structure. The process may take up to a year, according to reporting.