Bitwise, Hyperliquid seek SEC rule changes for token trading, airdrops

Bitwise and Hyperliquid have filed requests with the SEC seeking rule changes and clearer guidance on how crypto assets are classified and how secondary-market token trading and airdrops should be treated. The filings come as the SEC's public comment period closes, positioning the firms to influence upcoming regulatory frameworks. Traders should watch for any resulting guidance, since clearer classification rules could reduce legal uncertainty around token listings and airdrop distributions, though no decision has been made yet.