Hyperliquid Demands Five Critical Fixes to SEC Crypto Proposal

Hyperliquid has publicly pushed back on the SEC's new crypto regulatory framework, arguing it contains critical flaws that would trap Web3 developers and calling for five immediate fixes. The complaint targets the structure of the proposal rather than any specific token or market, so there is no direct price catalyst. Traders should watch whether the SEC incorporates these changes, since the final rule could reshape compliance costs for decentralized derivatives platforms like Hyperliquid.