Hyperliquid Policy Center urges SEC to refine proposed Regulation Crypto Assets framework
The Hyperliquid Policy Center has filed a comment letter supporting the Securities and Exchange Commission's proposed Regulation Crypto Assets, while recommending five key refinements regarding airdrops, safe harbors, secondary trading, and token buybacks.
The Hyperliquid Policy Center has urged the U.S. Securities and Exchange Commission to adopt its proposed Regulation Crypto Assets rules with five specific refinements, according to reports by The Block and Crypto Briefing. In its comment letter, the advocacy group expressed support for the regulatory initiative while calling for adjustments to address practical hurdles faced by Web3 developers.[1][2][3]
The SEC's framework proposes exemptions permitting startup token offerings of up to $5 million over four years and qualifying fundraising rounds of up to $75 million across any 12-month period, while offering relief from state-by-state registration requirements. It also introduces a safe harbor intended to confirm when a digital token no longer depends on its original developers and is no longer tied to an investment contract.[2][3]
HPC warned that many crypto projects cannot satisfy the proposed safe harbor in its current form and requested expanded, clarified safe harbor provisions. The group also asked regulators to establish clearer guidance on free token airdrops, arguing that administrative steps completed by recipients to collect airdropped tokens should not be treated as payment. Additionally, HPC urged the SEC to allow broader secondary market trading for exempt tokens and establish clearer guidelines for automated token buybacks.[1][2][3][4]
Key facts
- The Hyperliquid Policy Center filed a comment letter urging the SEC to adopt its proposed Regulation Crypto Assets framework with five revisions.
- HPC stated that many crypto projects cannot meet the proposed safe harbor conditions and requested expanded and clarified safe harbor terms.
- HPC argued that administrative steps taken by recipients to claim airdrops should not be counted as payment for tokens.
- The comments called for broader secondary market trading for exempt tokens and clearer rules governing token buybacks.
- The SEC proposal includes startup token offering exemptions of up to $5 million over four years and qualifying fundraising of up to $75 million in any 12-month period.
Sources 路 4 sources
- TB
The Block@TheBlockCoPost on X 路
THE BLOCK: The Hyperliquid Policy Center urged the SEC on Monday to adopt its new Regulation Crypto Assets proposal, with clarifications on its new safe harbor, which it says many projects cannot meet, and on airdrops. "Administrative steps a recipient completes to collect an airdrop should not count as payment for the tokens," HPC said.
Open source - CB
Crypto Briefing@Crypto_BriefingPost on X 路
馃煝 NEW: Hyperliquid Policy Center urges the SEC to clarify crypto rules covering token airdrops, secondary market trading, automated token buybacks, and securities exemptions. The group proposed five revisions to the SEC's Regulation Crypto Assets framework. https://t.co/vGLAuPV6Mm
Open source - WB
Wu Blockchain@WuBlockchainPost on X 路
Hyperliquid Policy Center Urges SEC to Refine Crypto Rules on Airdrops and Secondary Trading Hyperliquid Policy Center submitted comments on the SEC鈥檚 proposed Regulation Crypto Assets, calling for clearer treatment of free token airdrops, broader secondary trading for exempt tokens, expanded safe harbors and clearer rules for token buybacks. The SEC proposal includes exemptions for startup token offerings of up to $5 million over four years and qualifying fundraising of up to $75 million in any 12-month period.
Open source - CB
Crypto BriefingArticle 路
Hyperliquid Policy Center urges SEC to clarify airdrop and token buyback rules Clarifying crypto rules could boost US innovation, prevent talent drain, and ensure regulatory consistency across states and markets. The post Hyperliquid Policy Center urges SEC to clarify airdrop and token buyback rules appeared first on Crypto Briefing .
Open source