HYPE jumps 20% on Trump's CFTC remarks about US entry

The price of Hyperliquid's native token, HYPE, surged approximately 20% on Wednesday, August 19, 2026, after U.S. President Donald Trump stated that the Commodity Futures Trading Commission is working to bring the decentralized trading platform to the United States in a compliant manner. The token climbed from around $62 to a 24-hour high of $72.28 before settling near $70, with trading volume reaching $1.4 billion.

The rally was triggered by remarks Trump made during a White House event on Wednesday. "I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion," Trump said, referring to CFTC Chair Michael Selig. "Working very hard on that." The statement was interpreted by market participants as a significant endorsement and a potential regulatory breakthrough for the platform, which has operated largely outside the U.S. regulatory framework.

Despite the positive market reaction, neither the CFTC nor Hyperliquid has released a formal proposal explaining how U.S. access would work, whether an application has been submitted, or when a compliant service could launch. The potential entry into the U.S. market would...