Hyperliquid’s US push has received support from Binance founder Changpeng Zhao after President Donald Trump backed efforts to bring the platform into the United States legally.
Zhao said the administration’s approach could benefit more than Hyperliquid. He argued that regulatory frameworks created for one company can influence standards across the digital asset industry.
Content creator Jake Gagain highlighted Zhao’s remarks on X. Zhao said, “This is not just about Hyperliquid. There will be so many Perp DEXs and decentralized services available to U.S. users. This is hugely positive for everyone in the industry.”
Trump Highlights Hyperliquid Compliance Effort
Trump discussed Hyperliquid during a White House gathering with crypto leaders on August 19. He said regulators are working on a compliant path for the platform.
Trump credited Commodity Futures Trading Commission Chairman Michael Selig with leading the initiative. He said, “I understand Mike [Selig] is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion.”
The meeting included executives from Ripple, Coinbase, Robinhood, Kraken, and Nasdaq. SEC Chairman Paul Atkins and Selig attended.
Zhao later said industry policies cannot be limited to individual companies. He wrote, “Many people miss the bigger picture. Policy cannot be applied to only one company/project. What’s good for one is good for the rest of the industry.”
Hyperliquid Continues Engagement With US Regulators
Hyperliquid has been working with American regulators as it seeks access to the domestic market. The Hyper Foundation finances the Hyperliquid Policy Center, which conducts policy research in Washington, D.C.
The center aims to support regulated access to on-chain perpetual contracts in the United States. Current restrictions remain the main obstacle to Hyperliquid’s domestic operations.
Perpetual contracts are not technically banned in the country. However, their structure remains incompatible with execution and clearing requirements under the Commodity Exchange Act.
Selig discussed a US pathway on the Bankless podcast in June. He said, “We want to create a path to bring these onchain markets into the United States and make sure they comply with some form of regulation.”
Regulators have explored changes involving perpetual-style products. In May, the CFTC approved a spot Bitcoin perpetual contract and said other assets would be considered individually.
Trump Renews Call for CLARITY Act Passage
Trump urged lawmakers to approve the CLARITY Act at the meeting. The legislation has faced repeated delays and setbacks.
He described the proposal as “very powerful, structured legislation” and said it could help the United States remain ahead of China and other countries.
Trump was asked whether the government plans to purchase Bitcoin soon. He referred the question to the Securities and Exchange Commission for guidance.
