💧 Hyperliquid May Have Found Its Legal Route Into the US 🇺🇸 Bloomberg says Hyperliquid Labs is in advanced talks with Payward, Kraken’s parent company, about bringing some of its perpetual futures to US traders. The proposed setup is actually interesting: ✅ US traders would access the products through Bitnomial ✅ Bitnomial is a CFTC-regulated exchange and clearinghouse owned by Payward ✅ the first products would be a limited set of crypto perpetual futures ✅ Payward has already presented the proposed structure to the CFTC Payward bought Bitnomial earlier this year in a deal valued at up to $550M, specifically giving it a full US-regulated derivatives stack. Kraken already uses that infrastructure to offer regulated perps on assets including $BTC , ETH, SOL and XRP. And this comes less than 2 weeks after Trump said the CFTC was working to bring Hyperliquid into the US in a “fully compliant and legal fashion” - a comment that sent $HYPE higher at the time. So nothing is approved yet, but now we finally have an idea of what a regulated US version of Hyperliquid could actually look like! #Macro Insights# #HyperLiquid #HYPE