CZ Says Hyperliquid Crypto US Push Could Benefit Entire Market

TLDR:

• Hyperliquid crypto could gain regulated US access after Trump said CFTC Chair Michael Selig is working on a legal pathway for the platform.
• CZ said a lawful entry could expand US perpetual DEX access and benefit competing decentralized and centralized venues through deeper liquidity.
• HYPE trades near $76.26, about 1.7% below its $77.55 record after gaining 36.3% over seven days amid fresh regulatory expectations.
• DeFiLlama shows $200 billion in 30-day perp volume and $12.55 billion in open interest, raising the stakes for CFTC market safeguards.

Binance founder Changpeng Zhao backs a regulated American path for Hyperliquid crypto, calling it positive for the wider industry. Zhao spoke at the Wyoming Blockchain Symposium on August 19, shortly after President Donald Trump discussed the platform. Trump said CFTC Chairman Michael Selig was working toward a fully compliant and legal US entry. 

The remarks supported interest in HYPE price, which traded near $76 on Friday. Market data placed the token close to its $77.55 record. Zhao argued that approval could extend beyond one exchange. He expects more decentralized trading services to reach American users under clearer federal rules.

Hyperliquid (HYPE) Price

Hyperliquid Crypto Path Could Unlock Wider US Market Access

Zhao described Hyperliquid crypto as the first opening in a potentially broader shift for decentralized finance. He said a lawful US route could encourage more perpetual DEX platforms and related services. Those products could then serve American traders and a larger global audience.

His remarks followed Trump’s White House meeting with regulators and leading crypto executives. Trump identified Selig as the official working on Hyperliquid’s compliant US path. The president did not announce an approval, license, timeline, or regulatory structure for Hyperliquid crypto.

That distinction matters for a decentralized venue offering perpetual futures. Such contracts have no expiry date and let traders follow asset prices without owning the underlying tokens. American derivatives rules cover registration, market surveillance, leverage, customer safeguards, and anti-money-laundering controls.

Hyperliquid currently blocks US access through its official interface. A regulated entry would therefore require a fully defined operating model that satisfies federal requirements. Neither the CFTC nor Hyperliquid has published those specific legal terms.

Zhao said the development could benefit competitors rather than only Hyperliquid. He expects lawful access to expand the available products and widen the pool of traders. In his view, deeper participation could improve liquidity and transaction prices across both decentralized and centralized exchanges.

The competition point also reaches Binance and other global platforms. Zhao said better US liquidity could produce tighter pricing when customers buy or sell crypto. He framed Hyperliquid crypto access as an industry-level policy change, not a single-platform advantage.

Perpetual DEX Growth Puts Liquidity and Oversight in Focus

The market response shows why the discussion carries weight. HYPE price reached a record $77.55 on August 21 after Trump’s remarks fueled expectations for regulated access. The token later traded near $76.26, about 1.7% below that peak. It gained 36.3% over seven days.

Trading activity shows the Hyperliquid crypto platform’s scale within decentralized derivatives. DeFiLlama recorded about $200 billion in perpetual volume during the 30-day period. The platform handled $16.3 billion over 24 hours and held $12.55 billion in open interest.

Source: DeFiLlama

Hyperliquid runs an on-chain order book on its Layer 1 network. Users connect wallets directly rather than opening conventional brokerage accounts. That structure can reduce intermediaries, yet US entry still raises questions around identity checks and customer eligibility.

Selig’s policy agenda provides the regulatory backdrop. The CFTC’s first Innovation Advisory Committee meeting on August 20 examined crypto market structure, blockchain infrastructure, cybersecurity, and operational resilience. Its agenda also covered modernizing existing rules while preserving market integrity and customer protection.

Those discussions could shape any route for a perpetual DEX. Regulators must determine how existing derivatives obligations apply to decentralized software, validators, interfaces, and governance. They must also establish who bears responsibility when trades, liquidations, or compliance controls fail.

Hyperliquid crypto would gain access to a major derivatives market if regulators establish a workable route. Competing platforms could study the same framework, while centralized exchanges may face stronger pressure on fees and execution. CFTC guidance has not yet specified whether one pathway could cover multiple decentralized venues. The agency has not disclosed a timetable.

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