Bitwise and Hyperliquid Push for SEC Rule Clarifications on Crypto Assets
Current overview (not historical)
Bitwise and Hyperliquid have jointly submitted comment letters to the U.S. Securities and Exchange Commission (SEC), urging revisions to the proposed crypto‑asset rules. Bitwise seeks clearer guidance on whether crypto assets fall under securities law and when Form TR filings should occur. Hyperliquid requests an expanded safe‑harbor that protects airdrops tied to reward‑network participation and clarifies the boundaries between token buy‑backs and non‑registered intermediaries. The SEC will review the comments after the public comment period closes on Tuesday, deciding whether to amend, adopt, or withdraw the proposal. Both firms highlight the need for precise regulatory standards to ensure compliance and protect market participants in the rapidly evolving crypto space.
Written with AI from the reporting · updated 10/20/2026
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- 1Unclassified fact stationOct 21, 00:00recorded Oct 21, 04:47single sourcerevised
Bitwise和Hyperliquid提交SEC评论信函请求修改加密货币规则
Read original source ↗ CointelegraphReplay this moment in the explorerEvidence & revisions · 1 source records
- Subject：
- Bitwise Asset Management
- Action：
- 提交SEC评论信函
- Object：
- 请求修改加密货币规则，涉及token分类、airdrops和二级市场交易
- Occurred (fact side)：
- Oct 21, 00:00
- Published (valid side)：
- Oct 21, 04:38
- First seen (known side)：
- Oct 21, 04:47
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- CointelegraphRelated fact: single sourceSource report revisedBitwise and Hyperliquid urge SEC to revise crypto token rules on classifications and airdrops
Report first recorded Oct 21, 04:47
Bitwise Asset Management and the Hyperliquid Policy Center submitted comment letters to the SEC Monday, requesting clearer guidance on token classifications, airdrops and secondary-market trading. Bitwise urged the SEC to clarify how investment managers should determine if a crypto asset is a security using publicly available information, and how to assess tokens when an issuer's Form TR filing does not exist. The Hyperliquid Policy Center called for a broader safe harbor for tokens, clearer protections for airdrops rewarding network participation, and guidance on token buybacks, warning the proposal fails to address whether unregistered intermediaries can facilitate token trading.
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