Hyperliquid Policy Center submitted comments to the SEC proposing clearer rules for token airdrops, secondary trading, and buybacks under Regulation Crypto Assets.
Regulation & Gov ·
Hyperliquid Policy Center submitted comments to the SEC on its proposed Regulation Crypto Assets, requesting more explicit guidance on several token mechanics. The center called for clearer rules governing free token airdrops, broader secondary trading permissions for exempt tokens, expanded safe harbors, and more defined treatment of token buybacks.
The SEC's draft regulation establishes exemptions for startup token offerings capped at $5 million over four years, and qualifying fundraising activities up to $75 million within any 12-month period. The Hyperliquid Policy Center's submission seeks refinement of how these and related provisions would apply across different token distribution and trading scenarios.
The comment period remains open, and it is unclear whether the SEC will adopt, modify, or reject the specific proposals advanced by the Policy Center or other submitters on these airdrop, trading, and buyback issues.