---
title: "HYPE Rallies 22%, PURR Skyrockets 33% as President Trump Vows to Bring Hyperliquid to US"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296514599.md"
description: "Hyperliquid (HYPE) and Hyperliquid Strategies Inc (PURR) surged 22% and 33% respectively after President Trump announced efforts to bring the decentralized exchange to the U.S. via a compliant pathway. Former Binance CEO CZ called it a win for the industry, while analysts predict increased TradFi liquidity. Grayscale highlighted its growing HYPE ETF assets as institutional interest builds."
datetime: "2026-08-20T15:31:03.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296514599.md)
  - [en](https://longbridge.com/en/news/296514599.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296514599.md)
generator: "portal-rs"
---

# HYPE Rallies 22%, PURR Skyrockets 33% as President Trump Vows to Bring Hyperliquid to US

**Hyperliquid** (CRYPTO: HYPE) and **Hyperliquid Strategies Inc** (NASDAQ:PURR) are up 22% and 33%, respectively, following President Trump’s comment on Wednesday that the administration will work on bringing the decentralized exchange to the United States.

### **HYPE Is Just The ‘Tip**‘

Speaking at the White House crypto meeting, Trump said CFTC Chairman **Mike Selig** is working on creating a "fully compliant and legal" pathway for Hyperliquid in the U.S.

The development drew attention from former **Binance** CEO **Changpeng “CZ” Zhao**, who sees potential U.S. legalization or formal regulation of Hyperliquid as a win for the broader crypto industry.

At the SALT Conference in Wyoming, Zhao characterized Hyperliquid as the “tip” that could pave the way for a broader wave of decentralized platforms to gain legitimate access to the U.S. market.

A regulatory pathway for a permissionless decentralized platform could establish a precedent for other services while potentially bringing more crypto liquidity and activity back to the U.S.

### **Will TradFi Liquidity Flood On-Chain?**

‘Bitcoin Jack,’ a highly-followed cryptocurrency commentator, pointed out that "Hyperliquid to the U.S. is bigger than people think."

He expects U.S. access to encourage a growth of TradFi capital flowing into 24/7 markets and eventually crypto, boosting on-chain liquidity.

Hyperliquid could also become a gateway for funds seeking broader access to digital assets, according to the commentator.

In an X post on Aug. 20, he pointed to several catalysts that could amplify the impact, including potential passage of the CLARITY Act, continued efforts toward a U.S. strategic bitcoin reserve and Washington’s push to bring geofenced crypto activity back within American borders.

### **Why Grayscale Says HYPE Is Just Getting Started**

Institutional interest in Hyperliquid was building even before Trump’s remarks.

Grayscale launched its **Grayscale Hyperliquid Staking ETF** (NASDAQ:HYPG) on June 3. In less than 30 days, the investment product had accumulated more than $123.28 million in assets under management, making it the largest HYPE fund ahead of the **21shares Hyperliquid ETF** (NASDAQ:THYP).

Following Trump’s White House comments, Grayscale highlighted the progression from launching HYPG to the administration working toward bringing Hyperliquid into the U.S.

“We’re just getting started,” Grayscale posted on X on Thursday.

*Image: Shutterstock*

### Related Stocks

- [PURR.US](https://longbridge.com/en/quote/PURR.US.md)
- [HYPG.US](https://longbridge.com/en/quote/HYPG.US.md)
- [THYP.US](https://longbridge.com/en/quote/THYP.US.md)

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**