President Donald Trump hosted crypto, prediction-market and traditional-finance executives at the White House on Aug. 19, a day before the Commodity Futures Trading Commission’s inaugural Inn
President Donald Trump hosted crypto, prediction-market and traditional-finance executives at the White House on Aug. 19, a day before the Commodity Futures Trading Commission’s inaugural Innovation Advisory Committee meeting in Washington.
The committee is set to discuss how emerging technologies, including crypto and prediction markets, should fit into U.S. financial regulation.
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Executives from Coinbase, Ripple, Kraken, Robinhood, Gemini, Nasdaq and Intercontinental Exchange attended alongside SEC Chair Paul Atkins and CFTC Chair Michael Selig.
Trump used the meeting to promote his administration’s crypto agenda while accusing the Biden administration of driving innovation overseas through “crippling regulations” and “constant targeting.”
Trump singled out decentralized derivatives platform Hyperliquid, saying Selig was:
“Working to bring Hyperliquid into the United States in a fully compliant and legal fashion.”
HYPE surged after the remarks, trading near $69.60, up about 19% over 24 hours, according to TradingView data. Its market capitalization reached roughly $17.6 billion.
Hyperliquid token price at press timeThe comment is significant because Hyperliquid has not been available officially to U.S. users amid regulatory uncertainty surrounding decentralized exchanges and perpetual futures.
The regulatory gap has already begun narrowing.
The CFTC opened a route for regulated U.S. exchanges to offer perpetual-style products earlier in 2026, while Hyperliquid representatives met with the agency’s Innovation Task Force on July 14.
Trump also highlighted several policies introduced since returning to office:
Trump also urged Congress to pass a “fair version” of the CLARITY Act, which would provide a broader statutory framework for U.S. crypto markets.
