Bitwise, Hyperliquid Push for SEC Clarity on Crypto Trading and Airdrops
Bitwise and Hyperliquid seek SEC rule changes for clearer crypto asset classification and secondary-market trading guidelines.
Bitwise and Hyperliquid seek SEC rule changes for clearer crypto asset classification and secondary-market trading guidelines. Hyperliquid (HYPE) is trading at ₹7,705 ($81.06), up 0.4% since this brief published. This is an original Token Times brief based on reporting by Cointelegraph, with live market data added, as of Tue, 20 Oct 2026 22:00:01 UTC.
The push for SEC clarity on crypto asset classification and trading could significantly impact how digital assets are regulated and traded in the U.S., affecting market participants and platforms.
- Bitwise and Hyperliquid seek SEC guidance on crypto asset classification.
- Secondary-market trading and airdrop regulations are key focus areas.
- Hyperliquid's TVL stands at $333.41M, down 1.2% over the past week.
- Crypto market cap at $2.84T with a Fear & Greed index of 55 (Greed).
- Pump.fun Integrates Hyperliquid for Memecoin Derivatives Trading
- Pump.fun Expands into Hyperliquid-Powered Perpetual Futures Trading
- Bitwise, Hyperliquid Push for SEC Clarity on Crypto Trading and Airdrops — this brief
Bitwise and 
Hyperliquid have submitted requests to the U.S. Securities and Exchange Commission (SEC) for clearer guidelines on the classification of crypto assets and the regulation of secondary-market trading. This move comes as the SEC's public comment period on related issues nears its end.
The firms are specifically seeking guidance on how existing securities laws should apply to various crypto assets and the operations of trading platforms. This includes the treatment of airdrops, which have become a common method for distributing new tokens.
The request for clarity from Bitwise and Hyperliquid underscores the broader industry demand for more transparent and consistent regulatory frameworks. The lack of clear rules has been a significant barrier for many crypto firms looking to operate within the U.S.
Hyperliquid, which operates a decentralized exchange, currently has a Total Value Locked (TVL) of $333.41 million, according to DeFiLlama, marking a 1.2% decrease over the past week. The broader crypto market remains relatively stable, with a total market cap of $2.84 trillion.
The price of Hyperliquid's native token (HYPE) is $80.76, up 3.04% in the last 24 hours but down 0.82% over the past week. The overall market sentiment, as measured by the Fear & Greed index, is at 55, indicating a state of 'Greed.'
Since this brief published about 1 hour ago, Hyperliquid (HYPE) has moved from ₹7,676.44$80.76 to ₹7,704.96$81.06 — +0.37%.
The chart plots HYPE's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 HYPE ≈ ₹8,414.03 (about $81.06), up 3.0% over 24 hours. The rupee itself trades about 9.2% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Figures and sectors in this story, checked live against on-chain aggregators · October 20, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Bitwise, Hyperliquid Push for SEC Clarity on Crypto Trading — questions & answers
What specific changes are Bitwise and Hyperliquid seeking from the SEC?
They are seeking clearer guidelines on crypto asset classification and secondary-market trading, including the treatment of airdrops.
How much is Hyperliquid's TVL and how has it changed recently?
Hyperliquid's TVL is $333.41M, down 1.2% over the past week.
What is the current state of the overall crypto market?
The total crypto market cap is $2.84T, with a Fear & Greed index of 55 (Greed).
How much is 1 Hyperliquid worth in rupee today?
About ₹8,414.03 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $81.06. The rupee price moves with both HYPE's US-dollar price and the USDT/INR rate; use our Hyperliquid in rupee page for any amount.
Has Hyperliquid's price moved since this brief was published?
HYPE is up 0.37% since this brief first published — trading at ₹7,705 ($81.06) now versus ₹7,676 ($80.76) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cointelegraph. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.