Regulation● Neutral

Bitwise and Hyperliquid Push SEC for Clearer Token and Airdrop Rules

TradingGain Newsroom·9d ago·20 Oct 2026, 20:38 UTC

Crypto firms Bitwise and Hyperliquid are asking US regulator the SEC to change its rules on token trading and airdrops. They want firmer answers on how crypto assets are classified and how tokens trade after their first sale, as the SEC's public comment window nears its end. Clearer rules could shape which tokens can trade and how, which matters for traders.

HYPEAt the time of writing, Hyperliquid traded at $80.67 (+1.48% in 24h).Live price →

Why it matters

The firms want clearer rules on how crypto assets are classified.
They also want guidance on trading in the secondary market.
Airdrop rules are part of the request, which could affect token access.

What to watch next

Watch for any SEC response or updated guidance on token classification, secondary-market trading, and airdrops after the comment period ends.

HYPELive chartOpen full chart →

This brief is written by TradingGain from public reporting by Cointelegraph.Read original ↗

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TradingGain News summarises public reports in our own words and always links to the original source. Market Data stories are generated automatically from public exchange data. Nothing on this page is financial advice; always do your own research and use a stop-loss.