U.S. President Donald Trump said on Aug. 20 that CFTC Chair Selig approved what he described as the first truly established Bitcoin perpetual futures contract on a CFTC-registered exchange in May this year. He also said the people involved are working to bring decentralized derivatives trading platform Hyperliquid into the U.S. market in a fully compliant and lawful way. Trump paired those remarks with criticism of the Biden administration, saying it had suppressed cryptocurrency and emerging fintech innovation during its time in office. He added that the current situation has now completely changed. The comments center on two points: the approval and launch of a Bitcoin perpetual futures product on a CFTC-registered venue, and efforts to introduce Hyperliquid to the United States under a compliance-first framework.
U.S. President Donald Trump said on Aug. 20 that CFTC Chair Selig approved the launch of what he called the first truly established Bitcoin perpetual futures contract on a CFTC-registered exchange in May this year.
Trump also said the people involved are working to bring decentralized derivatives trading platform Hyperliquid to the U.S. market in a fully compliant and lawful manner.
He also criticized the Biden administration, saying it had suppressed cryptocurrency and the spirit of innovation in emerging financial technology while in office. Trump said that situation has now completely changed.
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