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Hyperliquid demands five key fixes to SEC's new crypto rules to protect Web3 startups from legal risks.

Market News
19 Oct 2026
UToday
View Source
Bearish
Hyperliquid demands five key fixes to SEC's new crypto rules to protect Web3 startups from legal risks.

Hyperliquid's Policy Center has formally criticized the SEC's new crypto asset regulation draft, highlighting five major legal issues that could trap Web3 developers. The demands include clarifying that free token airdrops are not securities, allowing projects to declare their tokens were never securities, defining the status of decentralized exchanges, and extending federal immunity indefinitely. These changes aim to prevent startups from legal risks and enable smoother operation within the U.S. market. Hyperliquid, a leader in on-chain futures, currently blocks U.S. users due to strict laws but is pushing for reforms to support domestic innovation.

Hyperliquid's demands for critical fixes to the SEC crypto proposal provide context for readers following crypto regulation debates. For readers following major cryptocurrencies, here is Pluang's market snapshot as of Oct 20, 2026 02:41 WIB: out of 50 major cryptocurrencies, 43 rose and 6 fell today. Notable movers include XTZ (Tezos) with a 3.92% increase and 100% buy activity, SNX (Synthetix) with a 3.76% rise but 99% sell activity, and LTC (Litecoin) up 3.71% with 73% sell orders.

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