Hyperliquid Policy Center urges SEC to clarify airdrop and token buyback rules

The group proposed five changes addressing token airdrops, secondary trading, buybacks, developer protections, and state securities 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. In an October 19 comment letter , the advocacy group supported the SEC’s proposal, which would allow qualifying crypto projects to raise up to $5 million over four years under a startup exemption or up to $75 million annually under a separate fundraising exemption.