- Bitwise Asset Management and the Hyperliquid Policy Center said they urged the SEC to revise parts of Regulation Crypto Assets.
- Bitwise said it asked for clear standards to determine whether a specific crypto asset is a security using public information, as well as more detailed reliance standards tied to Form TR filings.
- Hyperliquid argued the SEC should clarify the scope of regulatory relief, airdrops, token buybacks and secondary-market rules, while some critics said the proposal could weaken investor protection.
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The U.S. crypto industry has asked the Securities and Exchange Commission to clarify regulatory standards for…
