TLDR Crypto · MARKETS & BUSINESS

TRUMP SAYS CFTC WORKING TO BRING HYPERLIQUID TO THE US

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Summary from the TLDR Crypto newsletter

At today's White House crypto meeting, Trump said CFTC Chairman Mike Selig is working to bring Hyperliquid into the United States in a fully compliant and legal fashion. The comments sent HYPE up 11%. Hyperliquid runs its order book fully onchain, operates 24/7, currently bars US users, and has grown into a top-10 token (~$15B market cap) largely on perpetual futures, including licensed contracts on stocks, gold, oil, and indices, which now make up roughly half its volume.