Hyperliquid asks the SEC to tighten five key points in its new crypto rulebook.
- The Hyperliquid Policy Center submitted a comment letter supporting the SEC’s proposed Regulation Crypto Assets but requesting five refinements, including clearer language on airdrops, secondary trading, safe harbor, token buybacks, and federal preemption.
- HPC wants the rule to state that recipients of airdrops who provide no consideration are not making an investment, that routine wallet connections and sanctions checks do not count as payment, and that on‑chain protocols can facilitate secondary trades without SEC registration.
- The group also seeks a safe harbor that does not force developers to admit prior securities‑law exposure, a consistent issuer definition for buybacks aligned with existing staff guidance, and retention of federal protections after a project qualifies for safe harbor.
Which of these five changes will most impact crypto project compliance in the U.S.?
#Crypto #FinTech #Regulation #SEC #CryptoPolicy
- The Hyperliquid Policy Center submitted a comment letter supporting the SEC’s proposed Regulation Crypto Assets but requesting five refinements, including clearer language on airdrops, secondary trading, safe harbor, token buybacks, and federal preemption.
- HPC wants the rule to state that recipients of airdrops who provide no consideration are not making an investment, that routine wallet connections and sanctions checks do not count as payment, and that on‑chain protocols can facilitate secondary trades without SEC registration.
- The group also seeks a safe harbor that does not force developers to admit prior securities‑law exposure, a consistent issuer definition for buybacks aligned with existing staff guidance, and retention of federal protections after a project qualifies for safe harbor.
Which of these five changes will most impact crypto project compliance in the U.S.?
#Crypto #FinTech #Regulation #SEC #CryptoPolicy