HYPE Skyrockets Past $70 as Trump Reveals CFTC Push for Hyperliquid’s US Entry

The cryptocurrency market was revived over the past several hours, with essentially all assets rocketing to new multi-month peaks. Some assets, though, performed better than others, including Hypeliquid’s native token.

HYPE surged by nearly 10% from bottom to top, tapping $71 minutes ago. It came just inches away from its June 2026 all-time high of $76 before it was stopped and pushed to just under $70.

The major boost came after reports emerged that US President Donald Trump pushed the CFTC to bring Hyperliquid to the US. Trump says the CFTC is working to bring Hyperliquid to the US, in remarks at White House crypto summit today.

Trump: “I understand that Mike (Selig) is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion.” — Yueqi Yang (@Yueqi_Yang) August 19, 2026 The other notable reason behind HYPE’s major rally today was the broader market’s resurgence.