According to CoinMeta, Trump stated during a White House event that Michael Selerig, the chairman of the Commodity Futures Trading Commission, is working to facilitate the legal entry of Hyperliquid into the US market. The HYPE token has risen by over 25% in the past 24 hours, with a current trading price of around $73.27 and a market value of approximately $18.49 billion, making it the ninth largest cryptocurrency. Hyperliquid has become the largest decentralized perpetual contract trading platform, handling perpetual contract transactions worth about $200.7 billion in the past 30 days, with open contracts exceeding $10 billion. This move may attract new traders to the crypto derivatives market.