On August 19, 2026, President Donald Trump mentioned the decentralized finance platform Hyperliquid during a White House meeting with industry executives. He highlighted efforts by CFTC Chairman Michael Selig to bring the platform into the US market through a compliant framework.
Following the remarks, the native token HYPE rose 14% within two hours and closed up 21.3% over 24 hours, reaching a peak of approximately $71.45. Shares of Hyperliquid Strategies, a Nasdaq-listed firm holding HYPE, increased by up to 31% during intraday trading.
Despite the market reaction, the CFTC has not issued formal approval for Hyperliquid as of late October 2026, and no compliance framework is finalized. The platform continues to restrict access for users in the United States, and ongoing discussions with intermediaries like Payward have not yet resulted in a completed arrangement.
Historical data from BeInCrypto indicates that eight previous crypto endorsements by Trump since January 2025 led to an average 24-hour surge of 31%, followed by an average price decline of about 60%. Analysts suggest that the sustainability of the current HYPE rally depends on concrete regulatory progress.
