Bitwise and Hyperliquid Policy Center urge SEC to revise crypto rule

The story so far: Hyperliquid Policy Center SEC airdrop push

The Hyperliquid Policy Center has urged the SEC to create a Regulation Crypto Assets framework and clearer airdrop safe harbour rules. Bitwise and the Hyperliquid Policy Center filed comment letters urging the SEC to revise its proposed crypto rule. The comment period has now ended, with both calling for clearer…

1. 19 Oct 202613:52 UTC

   Hyperliquid Policy Center says SEC should clarify airdrop safe harbour rules

   The Hyperliquid Policy Center, Hyperliquid's think tank, has urged the US SEC to create a new Regulation Crypto Assets framework and set clearer safe harbour rules for airdrops, arguing current conditions are too strict for many decentralised projects. It also said the SEC should correct its view that wallet linking and claim steps count as monetary consideration when deciding if a token is a security.

   RegulationCoinNessAIBullish

2. 20 Oct 202603:30 UTC

   Hyperliquid Policy Center urges SEC to exclude airdrops from securities definition

   The Hyperliquid Policy Center is calling on the SEC to exclude airdrops from the definition of securities, arguing free distributions are rewards rather than investments. It wants the approach extended to announced and periodic airdrops and applied retroactively or to Hyperliquid's native airdrops.

   RegulationOdailyAIBullish

3. 20 Oct 202603:34 UTC

   Hyperliquid Policy Center backs SEC crypto rule proposal with five changes

   The Hyperliquid Policy Center sent the SEC a comment letter on 19 October backing its crypto asset rule proposal and suggesting five changes, including writing qualifying airdrops into the rules and clarifying intermediary status. The proposal would let startups issue up to $5m in tokens over four years, with a separate $75m fundraising exemption every 12 months.

   RegulationPANewsAIBullish

4. 20 Oct 202620:48 UTC

   Bitwise and Hyperliquid Policy Center urge SEC to revise crypto rule

   Bitwise Asset Management and the Hyperliquid Policy Center have filed comment letters urging the SEC to revise its proposed crypto rule, covering token classification, airdrops and secondary-market trading. Former SEC enforcement official John Reed Stark and Duke University's Lee Reiners asked the SEC to withdraw the proposal, arguing it exceeds its legal authority.

   RegulationOdailyAIBullish

5. 3 Nov 202613:26 UTC

   SEC comment period on crypto rules ends as Bitwise and Hyperliquid seek clarity

   The comment period on the US SEC's proposed cryptocurrency rules ends today. Bitwise and the Hyperliquid Policy Center called for clearer standards on when tokens are securities and on airdrops, buybacks and secondary-market intermediaries.

   RegulationCoinNessAINeutral