Hyperliquid Policy Center backs SEC crypto rule, seeks five changes

• —HPC backed the August 18 SEC proposal allowing raises of up to $5M over four years and $75M over 12 months
• —It wants the SEC's March airdrop guidance codified in the final rule
• —The group seeks explicit legal status for secondary trading and on-chain intermediaries
• —It asks to preserve federal preemption to avoid registration in roughly 50 jurisdictions