Update
HPC Pushes SEC for Crypto Rule Clarifications
The Hyperliquid Policy Center (HPC) has called for five clarifications to the SEC's proposed Regulation Crypto Assets to reduce legal uncertainty for crypto projects in the U.S. HPC emphasizes that airdrop recipients should not be considered investors and seeks clarity on token trading and the role of intermediaries under the proposed exemptions. The group also requests modifications to safe harbor provisions, token buyback definitions, and federal protections to ensure ongoing compliance and security for crypto projects.