Hyperliquid Rallies 11% on Trump CFTC Announcement Amid SEC Pre-IPO Push

Trump CFTC Announcement Drives Rally

HYPE jumped 11% on Wednesday after President Trump said during a White House meeting that CFTC Chair Mike Selig is working to bring Hyperliquid into the U.S. under federal rules. The announcement provided a clear regulatory pathway for the perpetual futures platform, which has operated primarily offshore. HYPE closed the trading day near $59, building on gains from the prior two sessions.

SEC Petition on Pre-IPO Derivatives

In parallel, the Hyperliquid Policy Center and trade[XYZ] submitted recommendations to the SEC on pre-IPO perpetual markets. The proposed instruments would grant price exposure to pre-listing companies without conveying shares or investor rights, effectively allowing traders to speculate on future public valuations before official IPOs. The dual regulatory outreach—to both the CFTC for the main platform and to the SEC for new derivatives products—signals an attempt to anchor Hyperliquid across multiple federal frameworks.

Why It Matters

For Traders

U.S. regulatory clarity could reduce execution risk for HYPE positions and potentially unlock domestic venue access, though CFTC and SEC approvals remain pending.