Trump Says CFTC Is Working to Bring Hyperliquid Into the U.S.

President Donald Trump said the head of the US derivatives regulator is working to bring Hyperliquid into the United States, telling a White House meeting with crypto and prediction market executives on Wednesday that the offshore perpetuals venue could be brought onshore legally.

“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion. Working very hard on that,” Trump said, referring to Commodity Futures Trading Commission Chairman Michael Selig. 

The CFTC has announced no action on Hyperliquid, and the remarks describe work in progress rather than any approval.

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What the CFTC Has Scheduled

The CFTC’s own announcements put Selig’s Innovation Advisory Committee at its inaugural meeting at 1 PM EST on Thursday in Washington, with crypto assets, artificial intelligence and prediction markets on the agenda. 

The published agenda lists only topics. The committee was created to advise the commission on issues at the intersection of technology, law, policy and finance.

“America has long been the global hub of financial innovation,” Selig stated when he released the agenda. “I look forward to meeting with the entrepreneurs, thinkers, and builders of the CFTC’s Innovation Advisory Committee to discuss ways emerging technologies and financial products are shaping our markets as we embark upon the new frontier of finance.” The meeting is livestreamed on the agency’s website, and public comments are open until 27 August. 

The agency issued an advisory on the self-certification of incentive programs for prediction markets on 12 August.

Reaction Beyond the Token

Hyperliquid Strategies, a listed digital-asset treasury built around HYPE that trades as PURR, jumped as much as 31% on Wednesday, Bloomberg reported. Shares in the incumbent US exchange operators moved the other way, with Cboe Global Markets falling as much as 6.1% and CME Group as much as 3.4%.

“Hyperliquid has been the poster child for convergence: the idea that traditional asset classes are going to be traded, margined and settled 24/7 on crypto rails,” Joshua Lim, global co-head of markets at FalconX, told Bloomberg. 

Hyperliquid built on perpetual futures before adding commodities, pre-IPO stocks and, in July, a proposal for permissionless prediction markets requiring deployers to lock 500,000 HYPE.

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