President Trump announces CFTC Chair Selig is working to bring crypto platform Hyperliquid to the U.S. under regulatory compliance.
U.S. President Donald Trump stated that CFTC Chairman Michael S. Selig is working to introduce Hyperliquid, a cryptocurrency platform, into the United States in full legal compliance. The announcement was made during a White House event with technology leaders on August 19.
Trump highlighted Selig’s prior authorization of the first Bitcoin perpetual futures contract on a CFTC-registered exchange in May. Selig later outlined regulatory advancements, including the codification of the GENIUS Act, establishment of a Strategic Bitcoin Reserve, and clarification of crypto asset classifications.
The move signals a push to integrate crypto trading platforms into U.S. markets while adhering to existing financial regulations.