Crypto Regulatory Push: Hyperliquid Petitions SEC on Airdrops & Buybacks
The Hyperliquid Policy Center has formally urged the SEC to clarify rules around crypto airdrops (excluding qualifying ones from investment-contract treatment) and automated token buybacks, signaling growing industry lobbying sophistication.
What we know
@TheBlockCo reports the Hyperliquid Policy Center submitted recommendations to the SEC covering three areas: airdrop classification, token buyback treatment, and secondary market trading rules. The group wants qualifying airdrops carved out from Howey-test investment-contract analysis — a significant ask that, if granted, would have broad industry implications.
Sources
“Hyperliquid Policy Center urged the SEC to clarify rules for crypto airdrops, token buybacks, and secondary market trading”
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