Bitwise and Hyperliquid seek changes to proposed SEC crypto regulations, while legal experts challenge the agency’s authority to create new exemptions.
- Bitwise and Hyperliquid are urging the SEC to revise its proposed crypto regulations, seeking clarity on token classification, airdrops, and secondary market trading.
- Industry participants are requesting modifications to the proposed rules, while some legal experts argue the SEC lacks the authority and that the proposal weakens investor protections.
- The SEC will review public comments before deciding on the future of the proposed rules, which aim to provide exemptions and a safe harbor for certain crypto assets.
Topics: Legal regulatory, Jurisdictions, Scalability, Securities law classification, Regulatory sandboxes pilots, Market depth liquidity
Tags: #sec #bitwise #hyperliquid #tokentrading #airdrops #regulationcryptoassets #securitieslaws #safeharbor #investorprotection #secondarymarket
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