Speaking at a White House event with crypto and tech leaders, President Trump said CFTC Chair Michael Selig is working to bring Hyperliquid into the United States "in a fully compliant fashion." HYPE jumped about 17% in 24 hours on the remarks.

"I understand Mike is also working to bring Hyperliquid into the United States in a fully compliant fashion," Trump said, naming the perpetuals exchange alongside executives from Coinbase, Ripple, Robinhood, Kraken, Nasdaq and ICE, with SEC Chair Paul Atkins also in the room.

Selig has framed the goal as creating "a path to bring these onchain markets into the United States" under some form of regulation. The comments are not an approval: Trump gave no detail on what an onshore Hyperliquid would look like or which registrations it would need. Traditional venues such as CME and ICE have pushed for platforms like Hyperliquid to register with the CFTC.

For crypto's largest onchain perps venue, a compliant US on-ramp would be a watershed, turning a mostly offshore market into a regulated one, if the CFTC path actually materializes.

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