SEC Faces Calls to Revise Token Offering and Airdrop Rules

Crypto-policy advocates and investment managers want clearer airdrop, disclosure and resale provisions as the SEC considers its proposed token-offering regime. The U.S. Securities and Exchange Commission faces calls to revise how its proposed crypto-asset rules handle token fundraising, airdrops and investor resales, after a consultation drew detailed responses from crypto-policy advocates and investment managers. The comment deadline for Regulation Crypto Assets was October 20. The Hyperliquid Policy Center and the Alternative Investment Management Association support a tailored framework but argue that parts of the proposal would leave important questions unresolved. The debate concerns proposed rules, rather than newly available permissions.