Bitwise and Hyperliquid are officially pushing the Securities and Exchange Commission to revise existing regulations surrounding token trading and airdrops. The two entities are seeking defined parameters to remove ambiguity around crypto asset classifications.
This regulatory push arrives as the public comment period hosted by the SEC draws to its conclusion. The firms are specifically requesting updated guidelines concerning secondary-market trading activity for digital assets.
The developments on October 20, 2026, coincided with market pricing where Cardano traded at $0.2244 after an 11.23% shift, Bitcoin stood at $83,126.76, and Ethereum reached $2,453.42. Hyperliquid's token traded at $81.06 alongside Solana at $106.75.
For traders holding open perpetual futures contracts on Bybit, Bitget, MEXC, or OKX, this news changes nothing directly. Potential regulatory adjustments from the SEC remain pending, meaning funding rates, trading fees, and platform liquidity are unaffected right now.
Source: cointelegraph — Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops
Price today: Bitcoin · Ethereum · Solana · Cardano · Hyperliquid