Hyperliquid Pushes SEC to Close Gap in Crypto Trading Rules
Photo: ETHNews
Hyperliquid Policy Center supports the SEC’s proposed crypto fundraising exemptions but wants legal clarity for secondary trading and decentralized exchanges. HPC seeks clearer treatment of retrospective airdrops, automated token buybacks and projects claiming their tokens were never investment contracts. The filing highlights how issuer-focused securities rules could leave on-chain order books and other trading infrastructure facing separate compliance obligations. A crypto startup could raise $75 million under the Securities and Exchange Commission’s proposed cryptocurrency rules yet still face legal uncertainty over where investors can trade its tokens. Hyperliquid Policy Center (HPC) wants that gap closed before the framework becomes law.
Source: ETHNews
