Hyperliquid Policy Center Urges SEC to Refine Crypto Rules…
By Karthik Subramanian
AI summary of the source article
The Hyperliquid Policy Center urged the SEC to revise its proposed Regulation Crypto Assets framework, submitting five recommendations. The proposals address legal treatments for crypto airdrops, secondary-market trading, safe harbors, token buybacks, and federal preemption of state rules.
Why it matters
For developers, the final rules could influence token fundraising, distribution structures and access to US markets. For investors, the outcome could affect secondary-market liquidity and disclosure obligations.
Key facts
- The SEC's proposed framework includes exemptions for token offerings up to $5 million over four years and fundraising up to $75 million over 12 months.
- Hyperliquid Policy Center submitted five recommendations on October 19, 2026, ahead of the comment period closing on October 20.
- The recommendations advocate for free distributions to not count as investment contracts and for tokens under proposed exemptions to be freely tradable.
Source excerpt · FinanceFeeds
The Hyperliquid Policy Center (HPC) has urged the US Securities and Exchange Commission to revise its proposed cryptocurrency regulatory framework, submitting five recommendations aimed at clarifying how token distributions and decentralized markets operate under federal securities law. In an October 19, 2026 comment letter, the organization expressed support for Regulation Crypto Assets, which th…