Trump’s surprise hint at legalizing Hyperliquid in the U.S. sent crypto markets into overdrive—Bitcoin hit a June-high, Hyperliquid’s stock surged 30%, and its token neared all-time highs. With CFTC Chair Selig reportedly working on compliance, CEO David Schamis says U.S. expansion is now top priority, bypassing new laws like the Clarity Act. Unusual trading ahead of the announcement fueled speculation, while Bitcoin’s volatility spiked and related stocks like MicroStrategy rose. Hyperliquid’s debt-free balance sheet adds to the bullish momentum as regulators and investors watch closely.
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