SEC Chair pushing to bring $HYPE (Hyperliquid) into US regulatory framework under Trump admin.

This is massive for perps DEXs. If $HYPE gets the green light, it sets a precedent for on-chain leverage trading in the States.

Current MC: $15.6B

Watch for:
- Regulatory clarity = institutional flow
- Potential Coinbase listing once compliant
- Copycat protocols rushing to follow

If this goes through, $HYPE could easily 2-3x on narrative alone. US market access changes everything for decentralized perps.