Key Highlights HPC supports the SEC’s proposal but asks the agency to make five changes covering airdrops, secondary trading, safe harbor eligibility, token buybacks and federal preemption. HPC wants the final rule to clarify that receiving tokens without giving anything in return is not an investment of money and that connecting a wallet or completing ...
Key Highlights: The Hyperliquid Policy Center (HPC) has urged the SEC to establish that free token airdrops are not securities transactions. Recommendations include expanding safe harbor provisions, providing secondary market clarity, and establishing permanent federal preemption over state registration laws. The advocacy comes ahead of the October 20 deadline for the SEC to conclude its ...
Key Highlights: Circle says the regulation could increase stablecoin reserve exposure to banking-sector credit and counterparty risks. The company supports a liquidity requirement allowing part of reserves to be converted to cash within one to five business days instead of imposing a strict minimum bank-deposit requirement. Circle and the Hyperliquid Policy Center have submitted proposals ...
Hyperliquid Policy Center Urges CFTC to Prioritize Perpetual Contracts in Innovation Agenda The Hyperliquid Policy Center (HPC) formally petitioned the Commodity Futures Trading Commission (CFTC) on Thursday, August 27, 2026, urging the regulator to place perpetual contracts at the center of its innovation roadmap. The filing arrives as U.S. traders remain largely excluded from a ...