President Donald Trump said US regulators are working to bring Hyperliquid, a fast-growing crypto platform, into the country, offering one of the clearest signals yet that the White House wants to pull a major piece of the industry’s offshore market infrastructure onshore.

“I understand that Mike is also working to bring Hyperliquid into the United States in a fully compliant and legal fashion. Working very hard on that,” Trump said at a White House event, referring to Commodity Futures Trading Commission Chairman Michael Selig.

Hyperliquid operates outside the US and is not officially open to American traders. Bringing it onshore would mean giving it a legal way to use the platform under US oversight.

It was co-founded by Jeff Yan,…