COINTELEGRAPH · 2026-10-20 20:38 UTC

Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops

Bitwise and Hyperliquid submitted comment letters to the SEC urging revisions to proposed Regulation Crypto Assets, seeking clearer guidance on token classifications, airdrops, and secondary-market trading. Bitwise requested standards for determining if crypto assets are subject to securities laws using publicly available information, while Hyperliquid called for broader safe harbor protections and clarity on unregistered intermediaries and onchain trading. Former SEC official John Reed Stark and Duke scholar Lee Reiners urged the SEC to withdraw the proposal entirely, arguing it exceeds…

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