The biggest competitor in the U.S. is about to arrive—meme coins pump first as a salute.
Even HYPE hit a historical high?!
Trump personally stepped in to give a decentralized exchange his endorsement—have you seen that before?
On August 19, Trump publicly said that CFTC Chair Selig is working to get Hyperliquid into the United States in a fully compliant way.
As soon as the news broke, HYPE took off—rising back above $70 for the first time since early July, up 20% after Trump’s remarks.
What is Hyperliquid? The biggest perpetual futures venue in crypto:
Monthly trading volume about $200 billion; open interest over $10 billion (in August it briefly pushed close to $12 billion); cumulative perpetual trading volume exceeding $5 trillion; monthly protocol fee revenue nearly $50 million.
A massive powerhouse grown in the regulatory grey zone is now set to be officially “welcomed” by the U.S.
The CFTC is already exploring a compliance path, but the details are far from settled: no approval, no U.S. entity, no KYC design, and no product list.
Think about this move: one side is Congress with the CLARITY bill stuck, while the CFTC is busy crafting a compliance channel tailored for Hyperliquid.
Trump’s stance is very clear: the U.S. should capture global on-chain trading volume, and it can’t keep this slice of the “cake” outside regulation.
The problem is, once Hyperliquid becomes compliant, does that effectively mean the official recognition of on-chain perpetual futures?
Then how would the contracts business at CEXs even work? $HYPE
Even HYPE hit a historical high?!
Trump personally stepped in to give a decentralized exchange his endorsement—have you seen that before?
On August 19, Trump publicly said that CFTC Chair Selig is working to get Hyperliquid into the United States in a fully compliant way.
As soon as the news broke, HYPE took off—rising back above $70 for the first time since early July, up 20% after Trump’s remarks.
What is Hyperliquid? The biggest perpetual futures venue in crypto:
Monthly trading volume about $200 billion; open interest over $10 billion (in August it briefly pushed close to $12 billion); cumulative perpetual trading volume exceeding $5 trillion; monthly protocol fee revenue nearly $50 million.
A massive powerhouse grown in the regulatory grey zone is now set to be officially “welcomed” by the U.S.
The CFTC is already exploring a compliance path, but the details are far from settled: no approval, no U.S. entity, no KYC design, and no product list.
Think about this move: one side is Congress with the CLARITY bill stuck, while the CFTC is busy crafting a compliance channel tailored for Hyperliquid.
Trump’s stance is very clear: the U.S. should capture global on-chain trading volume, and it can’t keep this slice of the “cake” outside regulation.
The problem is, once Hyperliquid becomes compliant, does that effectively mean the official recognition of on-chain perpetual futures?
Then how would the contracts business at CEXs even work? $HYPE