President Donald Trump announced that US regulators are working to bring the decentralized crypto exchange Hyperliquid into the domestic market to ensure fully compliant and legal operations.

Key Points

• President Trump confirmed that CFTC Chairman Michael Selig is actively facilitating Hyperliquid’s entry into the United States.
• Hyperliquid is a prominent crypto exchange specializing in perpetual futures and leveraged contracts for digital assets, commodities, and equities.
• Shares of Hyperliquid Strategies, which trades under the ticker PURR, surged by 31% following the announcement.
• Traditional exchange operators, including Cboe Global Markets and CME Group, saw their stock prices decline by up to 6.1% and 3.4% respectively.
• The platform operates on its own blockchain and has historically functioned outside the US due to existing regulatory restrictions.

Why it Matters

This development signals a significant shift in US policy toward integrating decentralized market infrastructure into the regulated financial system. It highlights a growing trend where offshore crypto platforms are being brought onshore, potentially disrupting the competitive landscape for established traditional exchange operators.