Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops

Bitwise and Hyperliquid are requesting SEC rule changes regarding token trading and airdrops. As the public comment period ends, these firms seek clearer guidance on crypto asset classification and secondary-market trading. Specifically, the Hyperliquid Policy Center is pushing for five major adjustments to proposed crypto rules. These requests include clearer regulations for token buybacks, airdrops, secondary trading, safe harbor eligibility, and the establishment of durable federal protections for various projects within the industry.