CFTC Chair Says Crypto Perps Approval Is Close — Why This Is Huge For Hyperliquid?

The newly appointed Chair of the Commodity Futures

CFTC Chair Says Crypto Perps Approval Is Close — Why This Is Huge For Hyperliquid?

CFTC Chair Says Crypto Perps Approval Is Close — Why This Is Huge For Hyperliquid?

The newly appointed Chair of the Commodity Futures Trading Commission (CFTC), Mike Selig, has signaled that the United States is close to introducing a regulatory framework that would allow crypto perpetual futures to trade onshore. 

The daily chart shows HYPE’s recovery stalled at the $32 resistance wall. Source: HYPEUSDT on TradingView.com

At the time of writing, Hyperliquid’s native token, HYPE, was trading at $31.77, having recorded losses of 2.4% over the previous 24 hours. Nevertheless, the token is one of the few to show gains over longer time frames, with year-to-date growth of 74%, according to CoinGecko data.  

Featured image from OpenArt, chart from TradingView.com 

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