HYPE Token Surges on US Regulatory Hopes Amidst Broader Legislative Warnings
HYPE Token Surges on US Regulatory Hopes Amidst Broader Legislative Warnings
The HYPE token experienced a 20% price surge, reaching $72, following statements from Donald Trump suggesting the CFTC is working towards compliant US access for Hyperliquid. This positive news for a specific asset occurs against a backdrop of general regulatory uncertainty, with a warning from Gallego that a rushed vote on the CLARITY Act could set back broader cryptocurrency legislation.
HYPE reached $72 after Trump said the CFTC was pursuing compliant US access for Hyperliquid, though no formal regulatory plan has been released.
Gallego said the White House has not provided point-by-point feedback on a bipartisan ethics proposal as a September vote approaches.