Hyperliquid urges clear US crypto rules

• Hyperliquid has called for clear US crypto rules in a submission to the SEC's Crypto Task Force.
• The decentralised exchange said better rules could support innovation while protecting users.
• The proposal focuses on decentralised finance instead of applying rules designed for traditional markets.

Hyperliquid (CRYPTO:HYPE) asked the US Securities and Exchange Commission's Crypto Task Force to create clear rules for decentralised finance and blockchain protocols.

The submission said many existing securities rules do not fit decentralised platforms because they operate without a central operator.

"Regulation should recognise the differences between decentralised and centralised systems," Hyperliquid said in its submission.

The proposal asks regulators to focus on how protocols work instead of treating all blockchain projects the same.

Hyperliquid also called for rules that protect users without slowing blockchain innovation or forcing decentralised projects into unsuitable frameworks.

The SEC created the Crypto Task Force to develop a clearer approach to digital asset regulation after years of enforcement-led oversight.

At the time of reporting, Hyperliquid price was $65.75.