What changed
The firms are seeking clearer guidance on the classification of crypto assets and secondary-market trading as the SEC’s public comment period comes to a close Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is the firms are seeking clearer guidance on the classification of crypto assets and secondary-market trading as the SEC’s public comment period comes to a close
Trading lens
Use this as watchful context from cointelegraph.com. Watch whether bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops confirms momentum, invalidates active bias, or changes timing.