President Trump said CFTC Chair Mike Selig is facilitating Hyperliquid's compliant U.S. entry. Hyperliquid shares rose 30 percent and its HYPE token gained 18 percent on the day, while shares of CME Group, Cboe, and Miami International Holdings declined. Bitcoin reached its highest level since June.
“Trump Opens Door to Hyperliquid as US Pulls Crypto Trade Onshore - Bloomberg”
Read at Bloomberg →“Call-buying bonanza around Trump's Hyperliquid comments includes some eyebrow-raising trades”
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Trump's endorsement is viewed as regulatory favoritism that fuels speculative crypto gains at the expense of consumer protections and traditional stability.
“Political signaling rewards early adopters while established exchanges decline and risks such as manipulation remain unaddressed.”
The statement reflects a pragmatic shift to onshore decentralized finance through regulatory clarity rather than prior enforcement approaches.
“Prioritizing American competitiveness and integrating crypto technologies into the domestic framework.”
The move signals reduced regulatory friction for voluntary peer-to-peer trading and individual asset control.
“Accommodating innovation over prohibition while cautioning that compliance framing may introduce new oversight.”
All three perspectives assume substantive policy impact without examining whether decentralized structure can meet compliance without offshore relocation or wrappers.
“Market reactions may stem from Trump-branded rotation; governance concentration and leverage risks in Hyperliquid receive no scrutiny.”
Ratings by MBFC