UNI and HYPE Rally Following New US Tokenization Rules

Uniswap (UNI) and Hyperliquid (HYPE) tokens surged by 30% and 13% respectively, with HYPE hitting an all-time high of $91 on September 18. The rally follows the SEC's decision to grant a five-year Innovation Exemption, allowing certain on-chain platforms to trade tokenized stocks without registering as traditional exchanges under the Securities Exchange Act of 1934. Additionally, the CFTC has expanded exemptions for passive trading software, covering event contracts and perpetual futures.