President Trump Says the CFTC Is Working to Bring Hyperliquid to the United States. Does That Make It a Screaming Buy?
Spoken words and implemented policies are not the same thing.
Overview
Hyperliquid (CRYPTO: HYPE) soared by 11% on Aug. 19 after President Donald Trump mentioned it by name at a White House crypto summit, saying that the chair of the Commodity Futures Trading Commission (CFTC) was working to create a path for the popular crypto derivatives exchange to operate legally in the U.S. It currently blocks U.S. users to avoid potentially running afoul of securities and trading regulations. The coin's hot streak has continued enthusiastically since the president's remarks, and its price is 50% higher than just 30 days.
So does Trump's statement make Hyperliquid a screaming buy?
Image source: The White House.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.