At a White House event, Trump says CFTC Chair Michael Selig is working to bring crypto platform Hyperliquid onshore; Hyperliquid's HYPE token jumps 18%+

President Donald Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country …

Bloomberg 2026-08-20

Context & Ripple Effects

Hyperliquid entered this moment with a rapidly enlarged investor base: related coverage put HYPE among the largest digital assets after a roughly 180% year-to-date rise. It has also become an equity-market exposure, with public companies buying HYPE alongside other tokens to support their own share-price narratives.

The White House focus shifts the story from token momentum to U.S. market access. It arrives as Trump presses Congress on the Clarity Act and as the SEC and CFTC work on cryptocurrency rules, making Hyperliquid a visible test case for regulatory onshoring.

First-order effects

Hyperliquid gains direct political and regulatory attention around a U.S. presence, while HYPE’s more-than-18% jump immediately reprices that prospect for token holders.
Hyperliquid Strategies’ roughly 30% share rise extends the response to a listed HYPE holder, reinforcing the public-company token-holding trade around HYPE.

Second-order effects

Other crypto platforms seeking U.S. customers face a clearer incentive to pursue CFTC-compatible structures if Hyperliquid receives an onshore path.
Congressional action on the Clarity Act becomes more consequential for platforms and investors because it would define the market-structure framework that the SEC and CFTC are trying to implement.

Third-order effects

If U.S. regulators repeatedly bring major offshore crypto platforms into domestic oversight, competitive advantage will increasingly depend on regulatory access alongside liquidity and token adoption.
The pattern points toward a less distinct divide between offshore crypto venues and U.S.-regulated markets, though the eventual boundary depends on legislation and agency rules.

The trend: Crypto market infrastructure is moving from offshore token-led growth toward a contest for regulated U.S. access and institutional legitimacy.

Discussion

@whitehouse @whitehouse on x
President Trump Delivers Remarks with Technology Leaders https://x.com/...
@rapidresponse47 @rapidresponse47 on x
Coinbase CEO @brian_armstrong: President Trump recognized millions of Americans felt disenfranchised by the prior Administration and he committed to making America the crypto capital of the world — and he delivered on that promise. An incredible amount of progress has been made.
@senmccormickpa Senator Dave McCormick on x
Exactly right, @POTUS. Now let's get the CLARITY Act to the Senate Floor—and get it passed.
@onemorepeter Peter Smith on x
I'm proud to stand with President Trump as he expands Americans' access to the economic tools they need to thrive, support their families, and build generational wealth. Tomorrow's inaugural meeting of the CFTC's Innovation Advisory Committee is an important step toward
@eleanorterrett Eleanor Terrett on x
🚨SCOOP: A small group of crypto executives met with Commerce Secretary @howardlutnick ahead of today's White House remarks by President Trump and industry leaders, according to two sources familiar with the meeting. In the room were @brian_armstrong, @cdixon, @bgarlinghouse and
@patrickjwitt Patrick Witt on x
American hegemony rests on three pillars: a lethal military, equal justice under law, and the strength of the U.S. dollar backed by deep, liquid capital markets. Under President Trump's leadership, we are rebuilding our military, restoring fairness in our justice system, and
@billkingtm Bill King™ on x
a few years ago I was preparing to provide deposition in kraken's case against the SEC today, @arjunsethi is talking about fixing the money to fix the world (at trump speed) next to the president proud of this team and and excited for what the future holds 🐙
@brian_armstrong Brian Armstrong on x
Vision board: 1. Strong bipartisan vote on CLARITY Sep 15th 2. Uptober 3. Next crypto bull run begins Just as the prophecy foretold
@rapidresponse47 @rapidresponse47 on x
Chainlink CEO @SergeyNazarov: “What @ChairmanSelig and @SECPaulSAtkins are doing, and @POTUS has enabled through his leadership, is actually working.”
@rapidresponse47 @rapidresponse47 on x
.@tyler and @cameron Winklevoss: “America should lead in crypto and win in markets like prediction markets, and with your leadership and your Administration, you're helping America LEAD.”
@rapidresponse47 @rapidresponse47 on x
Kraken CEO @arjunsethi: “All we're trying to do is make sure that everyone in America has the ability to succeed in the same way that we did.”
@rapidresponse47 @rapidresponse47 on x
Robinhood CEO @vladtenev: “We look forward to working together to expand ownership, build the next generation of capital markets, and ensure America leads the way.”
@rapidresponse47 @rapidresponse47 on x
NYSE Chairman Jeff Sprecher: “Your trade policies of fair trade to bring back jobs and businesses from overseas, your energy dominance policies to fuel the next generation of technology in the United States, your Big, Beautiful Bill that created incentives for investments, has
@rapidresponse47 @rapidresponse47 on x
.@POTUS: “We need Congress to take the next step by passing a fair version of the CLARITY Act... [which] will open the door to the next wave of innovation and innovators.”
@rapidresponse47 @rapidresponse47 on x
.@POTUS: “In May, @ChairmanSelig authorized the first-ever true Bitcoin perpetual futures contract on a @CFTC-registered exchange. I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion.”
@rapidresponse47 @rapidresponse47 on x
.@POTUS: “We're ensuring that America remains the undisputed leader not only in Bitcoin and crypto, but also technologies like prediction markets, artificial intelligence, and much more.”
@rapidresponse47 @rapidresponse47 on x
.@POTUS: “Under the Crooked Joe Biden Administration, the spirit of innovation that built America was under serious attack like never before — and nowhere was that more true crypto and other new financial technologies.” NOT ANYMORE!
@rapidresponse47 @rapidresponse47 on x
.@POTUS: “We're delighted to welcome some of our nation's brightest minds in finance, crypto, and technology ahead of the first-ever meeting of the @CFTC's Innovation Advisory Committee... The people in this room are ensuring that the future of commercial markets is pioneered and
Rob Nichols Rob Nichols on linkedin
To deliver on the promise of digital assets requires clear and consistent rules of the road. Read my CoinDesk op-ed on why ABA urges the Senate …

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