[DigitalToday reporter Jinju Hong] U.S. President Donald Trump said work is under way to enable decentralised derivatives trading platform Hyperliquid to operate legally in the United States. As the prospect grows that Hyperliquid, which has blocked access for U.S. users, could come under the U.S. regulatory framework, attention is also turning to crypto derivatives entering the regulated mainstream.

On Aug. 20 local time, blockchain outlet The Defiant reported that Trump said in recent remarks that CFTC Chairman Michael Selig is working to bring Hyperliquid into the United States.

Trump stressed that Hyperliquid's entry into the United States would take place in a "fully compliant and legal manner." A notable point in his remarks was that the White House and regulators directly mentioned a crypto derivatives platform that has restricted access for U.S. users.

Hyperliquid currently blocks U.S. traders from using the platform based on geography. Its flagship product, perpetual futures, is an area that is more sensitive to regulation than crypto spot trading. To formally enter the U.S. market, it is more likely to set up a separate business and operating structure aligned with U.S. regulation than to keep the existing platform structure unchanged.

Trump directly mentioned that Michael Selig, the CFTC chairman, is moving to bring Hyperliquid into the United States. It suggests that regulators may be examining a path for it to enter the regulated mainstream, beyond speculation in the crypto industry about a possible U.S. entry.

With Trump emphasising a legal and compliant approach, if it pursues service in the United States, customer verification, eligible counterparties, how the platform is run and legal approvals are expected to be key issues.

For Hyperliquid as well, entry into the U.S. market is significant. The United States is a key market where liquidity and institutional demand are concentrated in the crypto market. If Hyperliquid, which currently blocks U.S. users, actually builds an onshore structure in the United States, changes could arise across platform operations, from how users access it to traded products and the compliance system.

This discussion may not be limited to Hyperliquid alone. Because providing crypto derivatives services in the United States requires meeting more complex regulatory requirements than spot trading, Hyperliquid's approach to entering the United States could also affect entry routes for other overseas derivatives platforms. If a platform that grew on a decentralised structure adjusts its business model to fit the U.S. regulatory framework, it could become a case showing the intersection of decentralised finance and U.S. regulation.

What has been confirmed so far is Trump's remark that work is under way for legal operations in the United States and that the head of the CFTC is involved in the process. Specific approval methods, a timeline for launching U.S. services and whether the platform structure will change have not been disclosed.

If actual procedures begin, key points to watch are what form Hyperliquid will use to enter the U.S. market and what standards U.S. regulators will apply to bring perpetual futures and decentralised trading platforms into the regulated mainstream.