White House and regulators advance Hyperliquid’s US entry

The White House and regulators are working to bring Hyperliquid, a major crypto derivatives platform, into the U.S. in a compliant way, sparking a surge in HYPE token and market optimism.

The White House has approved the first-ever Bitcoin perpetual futures contract by a CFTC-registered exchange, marking a significant milestone for U.S. financial markets. This move introduces new regulated investment opportunities for digital assets. President Biden confirmed the authorization and highlighted ongoing efforts to bring the crypto derivatives platform Hyperliquid into the U.S. in a compliant manner. President Trump also mentioned that CFTC Chair Michael Selig, with support from the SEC Chair, is working to onshore Hyperliquid and integrate it under U.S. regulatory frameworks. These initiatives reflect broader efforts to bring digital asset trading under domestic oversight and adapt regulations for onchain technology. The announcements triggered strong market reactions: HYPE, Hyperliquid’s token, surged, and the Nasdaq-listed Hyperliquid Strategies fund saw its largest single-day gain. While no specific timeline for Hyperliquid’s U.S. entry has been disclosed, discussions with regulators are ongoing.