The Hyperliquid Policy Center has urged the SEC to make five changes to its proposed Regulation Crypto Assets. The proposal would allow token offerings of up to 5 million dollars over four years under a startup exemption, and a separate exemption for fundraising of up to 75 million dollars within a twelve-month period. The group is calling for clearer rules on airdrops, secondary trading, safe harbor conditions, token buybacks, and federal preemption protections. HPC wants the SEC to confirm that airdrop recipients who receive tokens without giving anything in return have not made a monetary investment. The main goal is to reduce legal uncertainty for crypto projects operating in the United States.
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