HYPE jumped after President Donald Trump said at a White House cryptocurrency meeting on the 19th that CFTC Chairman Michael Selig is working to bring Hyperliquid into the United States in a fully compliant and legal manner, with the token later climbing about 5% to $77.55 for a record high on Aug. 21 and gaining 35% over the past week for a market capitalization near $17 billion even as Bitcoin and Ethereum fell. Hyperliquid, a blockchain-based venue whose terms bar U.S. customers, has moved beyond crypto into perpetual futures on crude oil, gold, stock indexes and single names such as Nvidia, aided by HIP-3 developer-listed markets and round-the-clock trading that can reprice risk when CME markets are closed. Hyperliquid Strategies (PURR) surged about 30% to $9.39 while CME and Cboe shares fell; incumbents including CME and ICE have urged tighter oversight of its 24-hour crude contracts, while Selig has framed the issue as bringing crypto perpetuals under U.S. rules rather than leaving them offshore.