HYPE jumped more than 6% within hours after President Donald Trump stated that regulators are working to bring Hyperliquid into the US in a fully legal and compliant manner. According to BeInCrypto, Trump credited Commodity Futures Trading Commission (CFTC) Chairman Michael Selig with leading the effort during a White House gathering of crypto and technology executives on Wednesday, August 19.

Trump claimed that Selig is working to prevent Hyperliquid from entering the United States, and Selig promised to provide additional information on Thursday. HYPE was trading near $68.19 at press time, with a market cap of roughly $15.1 billion.

$HYPE

HYPE
HYPEUSDT
85.2
+1.48%

HYPER
HYPER
0.0651
-2.25%