Hyperliquid Demands Five Critical Fixes to SEC Crypto Proposal

What happened: The Hyperliquid Policy Center submitted a comment to the SEC on the draft Regulation Crypto Assets, supporting the initiative but calling the current text a set of systemic legal traps and demanding five changes. Key numbers: SEC plan would let startups Why it matters: HPC argues the draft leaves decentralized protocols unaddressed and exposes startups to lawsuits over past years, so without fixes the regulation loses its economic meaning. Hyperliquid blocks U.S. residents and faces pressure from CME and a House Oversight Committee request for data from co-founder Jeff Yan.

The Hyperliquid Policy Center submitted a comment to the SEC on the draft Regulation Crypto Assets, supporting the initiative but calling the current text a set of systemic legal traps and demanding five changes.

HPC argues the draft leaves decentralized protocols unaddressed and exposes startups to lawsuits over past years, so without fixes the regulation loses its economic meaning. Hyperliquid blocks U.S. residents and faces pressure from CME and a House Oversight Committee request for data from co-founder Jeff Yan.