Update
Hyperliquid Policy Center Urges SEC to Clarify Crypto Rules
The Hyperliquid Policy Center (HPC) has urged the US Securities and Exchange Commission (SEC) to adopt its proposed Regulation Crypto Assets framework with five revisions aimed at providing greater legal clarity for crypto developers and token holders. The recommendations include clarifying that token airdrops do not constitute securities transactions when recipients provide no tangible consideration in exchange, and expanding the SEC’s proposed safe harbor to protect projects still undergoing development without requiring them to acknowledge that their tokens previously constituted investment contracts.