SEC's "Crypto Asset Regulation" Proposal Comment Period Closes, Bitwise and Hyperliquid Policy Center Submit Comments

Odaily reports that the comment period for the SEC's "Crypto Asset Regulation" proposal closed on Tuesday. Bitwise and the Hyperliquid Policy Center have submitted comment letters calling on the SEC to establish clearer rules on issues including whether tokens fall under securities law, airdrops, token buybacks, and secondary market intermediaries; Hyperliquid also called for improving the operability of the proposed safe harbor. Additionally, commentators including former SEC enforcement officials advocated for withdrawing the proposal.