Hyperliquid Demands Five Critical Fixes to SEC Crypto Proposal

The Hyperliquid Policy Center (HPC) has submitted an official comment to the U.S. Securities and Exchange Commission (SEC) on the draft of the new Regulation Crypto Assets. The organization supported the regulator’s general initiative but stated that, in its current form, the document contains systemic legal traps. For the proposed draft to work, the crypto industry demands five fundamental changes . In August, the SEC first presented this compromise plan : startups will be allowed to raise up to $75 million a year under a simplified scheme and will also be granted “Safe Harbor” status, which protects matured tokens from prosecution by regulators. Before that, the agency assessed the crypto market using the 1946 Howey test, created for trading shares in Florida citrus plantations.

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