Hyperliquid Policy Center seeks five changes to SEC crypto rules

The Hyperliquid Policy Center has urged the U.S. Securities and Exchange Commission to revise its proposed Regulation Crypto Assets framework, submitting five recommendations covering token airdrops, secondary trading, developer protections, buybacks and state securities requirements. Summary Hyperliquid Policy Center says it has submitted five recommendations concerning the SEC’s proposed Regulation Crypto Assets framework. The proposals seek clearer legal treatment for airdrops, secondary token trading, buybacks and developing blockchain networks. SEC exemptions would permit qualifying token offerings of up to $5 million or $75 million under different conditions. The group wants regulators to distinguish automated token repurchases from buybacks directed by centralized project operators. The SEC’s public consultation closes October 20, while the proposed regulations remain subject to review and revision. According to the policy organization’s October 19 announcement, it filed a comment letter supporting the SEC’s proposed rules while requesting changes intended to address how decentralized cryptocurrency networks operate. The group argues that the current draft leaves important q...