Hyperliquid Could Be About to Get U.S. Regulatory Approval. Is HYPE Worth Buying Now?
Yahoo Finance ·
Hyperliquid ( HYPE -4.83% ) is surging right now, hitting a record $95.95 on Sept. 22, partially as a result of widespread beliefs that it'll soon be allowed to compete in the U.S. Those beliefs are substantiated, if a bit overenthusiastic; on Aug. 19, President Donald Trump stated the Commodity Futures Trading Commission (CFTC) chair was already "working very hard" to bring it onshore. If it gets the green light to operate in the U.S., it'd mark a massive expansion to the decentralized crypto exchange's addressable market, and it might even start to attract institutional interest. So does that mean Hyperliquid is worth buying now? Investors must recognize that Trump's remark about Hyperliquid isn't approval. As of Sept. 23, Hyperliquid itself hasn't announced any U.S. filing. Such records could soon exist, and, given the chaotic nature of the Trump administration's approach to policymaking, they could be published all at once, alongside an announcement that the entire process is complete. But until then, Hyperliquid will continue to voluntarily prevent U.S. users from accessing its platform to avoid violating laws or regulations, so it's important not to over-assume anything right now.
DYAX Investor Sentiment
Bullish (Long) 42% · Bearish (Short) 58%
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