Trump Hosts Crypto Executives at White House; Hyperliquid Token Surges
President Donald Trump hosted executives from major crypto and finance firms, including Coinbase, Ripple, Kraken, Robinhood, Gemini, Nasdaq, and Intercontinental Exchange, as well as SEC Chair Paul Atkins and CFTC Chair Michael Selig. The meeting occurred ahead of the Commodity Futures Trading Commission’s Innovation Advisory Committee meeting to discuss how emerging technologies should fit into U.S. financial regulation. During the event, Trump criticized the Biden administration for stifling innovation through regulations while promoting his own pro-crypto policies since returning to office in 2025. He highlighted initiatives such as a Strategic Bitcoin Reserve and the GENIUS Act, which established federal rules for stablecoins. Notably, he mentioned CFTC Chair Selig's efforts to bring decentralized derivatives platform Hyperliquid into compliance with U.S. regulations. Following Trump’s remarks about Hyperliquid potentially entering the U.S., its token HYPE surged nearly 19% in a day, reaching $69.60 and achieving a market cap of around $17.6 billion.
Tickers: $COIN $HOOD $ICE $NDAQ
Topics: CFTC cryptocurrency Hyperliquid Trump administration White House meeting