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      HYPE Token Surges 17% Following Trump's Support for CFTC Path

      The HYPE token, associated with Hyperliquid, experienced a significant increase of 17% on Wednesday after President Donald Trump announced that Commodity Futures Trading Commission Chair Michael Selig is working to establish a compliant pathway for the perpetual futures platform in the United States. This development has sparked a broader rally in crypto-linked markets, with several related ETFs also seeing gains of nearly 20%.

      During a White House press conference attended by technology leaders and crypto executives, Trump highlighted Selig's efforts to bring Hyperliquid into the U.S. market in a legal manner. This follows the CFTC's earlier initiatives to open regulated bitcoin perpetual products, which have traditionally been dominated by offshore venues. Selig noted that onchain technology like Hyperliquid could significantly transform U.S. markets, and regulators are keen to create a framework for these innovations.

      The positive sentiment surrounding Hyperliquid and its potential U.S. entry has contributed to a broader uptick in the cryptocurrency market. Bitcoin approached $70,000, while major companies like Coinbase and MicroStrategy also reported substantial gains. Hyperliquid, which has become a leading platform for onchain perpetual trading, aims to bring its liquidity closer to the emerging domestic market for crypto derivatives. Currently, HYPE is trading at $71.00 per token.

      © 2026 KLEA News. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.

      Source: KLEA News

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