President Donald Trump has said the Commodity Futures Trading Commission is working on a way to bring Hyperliquid into the United States in a compliant and legal manner, putting the decentralized trading platform at the center of the administration’s broader approach to crypto derivatives. The comments came at a White House meeting with crypto and technology executives on Wednesday, August 19. Hyperliquid is best known for its perpetual futures markets, which allow traders to take positions without a fixed contract expiration. The platform has not generally been available to U.S. users, making any potential domestic route a regulatory question as much as a business one. HYPE rose roughly 19% after the remarks, trading near $69.60. Trump’s remarks, however, do not amount to approval for Hyperliquid to begin serving U.S. customers.
Trump Says CFTC Is Working On Hyperliquid’s US Entry
Trump said CFTC Chairman Michael Selig was working to bring Hyperliquid into the United States “in a fully compliant and legal fashion.” The comment directly linked the platform to the administration’s efforts to establish a framework under which perpetual futures and other digital-asset products can operate within U.S. rules. The distinction between a proposed regulatory route and an approved U.S. operation is important. Trump’s statement does not specify which entity would operate Hyperliquid in the country, which products could be offered, or what approvals would be required before American customers could access them.
The CFTC has already been examining how perpetual contracts can operate within the U.S. derivatives framework. In May, the agency issued a policy statement concerning the listing of perpetual contracts and said it was establishing a regulatory path for the products. CFTC Chairman Selig has also described perpetual contracts as an increasingly important part of digital-asset markets. Hyperliquid’s own structure is relevant to the discussion. A recent CFTC filing describing a HYPE perpetual futures product identifies Hyperliquid as a blockchain ecosystem that includes an on-chain order book for perpetual futures and spot trading. The filing provides regulators with a description of the technology and the HYPE asset, but it is not itself an authorization for Hyperliquid’s existing platform to operate for U.S. customers.
Trump just said the CFTC is bringing Hyperliquid to the the US. This stock ripped +23% in one day.
by u/GetDeepSignal in hyperliquid1
The comments have also prompted discussion among crypto users. A post in the Hyperliquid Reddit community following Trump’s remarks focused on the potential implications for a U.S. market, while other users questioned what a compliant structure would actually look like. Those reactions reflect the central uncertainty: a regulatory pathway may be under discussion, but the details have not yet been set out publicly.
Many people miss the bigger picture. Policy cannot be applied to only one company/project. What’s good for one is good for the rest of the industry. https://t.co/9jWYCwciIR
— CZ 🔶 BNB (@cz_binance) August 20, 2026
Zhao, the former Binance chief executive, also posted on X about the prospect of a compliant US entry.
Coinbase Adds Hyperliquid Access As US Questions Continue
The discussion around a possible U.S. route for Hyperliquid comes alongside a separate development involving Coinbase. Coinbase has integrated Hyperliquid perpetual futures trading into its Base App, giving eligible users access to more than 290 perpetual markets through the application.
Coinbase Adds Hyperliquid Perpetual Futures Trading to Base App
Coinbase has integrated Hyperliquid perpetual futures trading into its Base App, allowing eligible users to access more than 290 perpetual markets, including BTC, ETH, equities and commodity-related markets, with up… pic.twitter.com/hEAyzcUtt1
— Wu Blockchain (@WuBlockchain) August 20, 2026
The integration is separate from Trump’s comments about bringing Hyperliquid into the United States. It does, however, show that Hyperliquid’s trading infrastructure is already being connected with a major U.S.-based crypto company, even as direct access to the underlying platform remains subject to geographic and regulatory restrictions.
The regulatory question is how perpetual products can be offered under US rules covering exchanges, derivatives, customer protections and market oversight. The CFTC has been moving toward allowing perpetual products within registered U.S. markets. Its May policy statement addressed the listing of perpetual contracts, while separate CFTC filings show that products linked to HYPE are being evaluated within the U.S. derivatives framework.
That leaves several questions unresolved for Hyperliquid. It is not yet clear whether a future U.S. version would operate through a separate regulated entity, how its existing on-chain infrastructure would fit into the framework, or which products could ultimately be offered to American customers. Trump’s comments establish that Hyperliquid’s potential U.S. entry is being considered at the federal level. The next signal comes from the CFTC’s Innovation Advisory Committee, which held its first meeting on August 20 with crypto and prediction markets on the agenda that sets out how the platform or its products could operate in the United States.
