The proposed regulations aim to end years of uncertainty regarding the application of securities laws, which previously drove many builders to launch projects abroad or exclude U.S. users. If adopted, the rule would provide a federal path for issuers, allowing offerings of up to $75 million per year, creating a safe harbor for tokens that no longer rely on their developers, and removing requirements for state-by-state registration.
Tuesday, October 20, 2026
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Hyperliquid Policy Center Backs SEC Rule for Federal Crypto Path
Crypto1 day ago
A comment letter submitted Monday by the Hyperliquid Policy Center (HPC) suggests five refinements to the Securities and Exchange Commission's proposed Regulation Crypto Assets. The HPC urged the agency to adopt the framework but requested clarifications on airdrops and the current safe harbor rules, which it claims many projects are unable to meet. Specifically, the group argued that administrative steps taken by a recipient to collect an airdrop should not be classified as payment for tokens.
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