{"id":198513,"date":"2026-07-15T10:03:17","date_gmt":"2026-07-15T10:03:17","guid":{"rendered":"https:\/\/mycryptomania.com\/?p=198513"},"modified":"2026-07-15T10:03:17","modified_gmt":"2026-07-15T10:03:17","slug":"hyperliquids-lawyers-just-met-the-sec-crypto-unit-heres-what-happened","status":"publish","type":"post","link":"https:\/\/mycryptomania.com\/?p=198513","title":{"rendered":"Hyperliquid\u2019s Lawyers Just Met the SEC Crypto Unit: Here\u2019s What Happened"},"content":{"rendered":"<p>The U.S. SEC Crypto Task Force held a formal meeting on July 14, 2026, with the Hyperliquid Policy Center, the operator of Trade.xyz, XYZ Ltd., and the elite law firm Sullivan &amp; Cromwell to discuss digital asset regulation and on-chain derivatives markets.<\/p>\n<p>No enforcement action emerged, but the meeting, described in an SEC memorandum, documents an official SEC dialogue with Hyperliquid and its representatives regarding regulatory approaches.<\/p>\n<p>SEC CRYPTO TASK FORCE MEETS HYPERLIQUID TEAM ON REGULATION!<\/p>\n<p>Today, SEC staff met with the Hyperliquid Policy Center, Hyperliquid Labs, XYZ Ltd., and Sullivan &amp; Cromwell to discuss crypto-asset rules and review Hyperliquid\u2019s technology, markets, and ecosystem.<\/p>\n<p>The\u2026 <a href=\"https:\/\/t.co\/ERMMmd7fOS\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/ERMMmd7fOS<\/a><\/p>\n<p>\u2014 Crypto Banter (@crypto_banter) <a href=\"https:\/\/x.com\/crypto_banter\/status\/2077131697033023661?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 14, 2026<\/a><\/p>\n\n<p>The discussion focused on broader issues related to crypto asset regulation, with participants providing an overview of the Hyperliquid ecosystem and potential pathways for compliant access to on-chain markets.<\/p>\n<p><span><\/span><\/p>\n<div class=\"chart crypto-chart-instance\">\n<div class=\"chart__header\">\n<div class=\"chart__info\">\n<div class=\"chart__info-icon\">\n<div class=\"chart__info-name\"><\/div>\n<div class=\"chart__info-symbol\"><\/div>\n<\/div>\n<div class=\"chart__info-current\">\n<div class=\"chart__info-price\"><\/div>\n<div class=\"chart__info-change\"><\/div>\n<\/div>\n<div class=\"chart__info-extra\">\n<div class=\"chart__info-label\">Market Cap<\/div>\n<div class=\"chart__info-marketcap\"><\/div>\n<\/div>\n<\/div>\n<div class=\"chart__controls\">\n<div class=\"chart__controls-group\">\n\t\t\t\t<button class=\"chart__button chart__button--24h\">24h<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--7d\">7d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--30d\">30d<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--1y\">1y<\/button><br \/>\n\t\t\t\t<button class=\"chart__button chart__button--all-time\">All Time<\/button>\n\t\t\t<\/div>\n<\/div>\n<\/div>\n<div class=\"chart__container\"><\/div>\n<\/div>\n<p>\u00a0<\/p>\n<p>This news came as the Hyperliquid native token, HYPE, surged more than +5% overnight, making it one of the top performers in the market today. It is trading for roughly $67, with a 24-hour trading volume of $433M.<\/p>\n<p>The <a href=\"https:\/\/x.com\/search?q=%24HYPE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">$HYPE<\/a> chart remains bullish.<\/p>\n<p>Despite the slight breakdown below the 21-Day and 50-Day MAs, there&#8217;s no reason to expect we&#8217;re going to fall.<\/p>\n<p>Break \u20ac60, and we&#8217;ll start to see a rally towards the highs, with $100 as a potential target. <a href=\"https:\/\/t.co\/P9XKNcXl0Q\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/P9XKNcXl0Q<\/a><\/p>\n<p>\u2014 Micha\u00ebl van de Poppe (@CryptoMichNL) <a href=\"https:\/\/x.com\/CryptoMichNL\/status\/2077317250663759959?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 15, 2026<\/a><\/p>\n\n<h2>Who Was in the Room<\/h2>\n<p>The meeting was requested by the participating organizations, not initiated by the SEC. Attending on behalf of the Hyperliquid Policy Center were CEO Jake Chervinsky and Bradley Bourque, while Hyperliquid Labs sent Jeff Yan and Iliensinc. Collins Belton represented XYZ Ltd., the entity behind Trade.xyz, a Hyperliquid-based perpetual futures platform.<\/p>\n<p>The legal delegation from Sullivan &amp; Cromwell LLP included Colin D. Lloyd, Ashray Gautam, Natasha Vasan, and Matthew H. Kalinowski. Participants submitted supporting materials for discussion; the SEC did not disclose their contents, according to the memorandum.<\/p>\n<p><strong>DISCOVER:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/best-meme-coin-icos\/\" target=\"_blank\" rel=\"noopener\">Best Meme Coin ICOs to Invest in 2026<\/a><\/strong><\/p>\n<h2>What They Argued and What the SEC Didn\u2019t Say<\/h2>\n<p>SEC Crypto Task Force Meets Hyperliquid Policy Center and XYZ on Crypto Regulation<\/p>\n<p>SEC Crypto Task Force staff met with representatives of the Hyperliquid Policy Center, XYZ Ltd. and Sullivan &amp; Cromwell on July 14 to discuss approaches to crypto-asset regulation and a document\u2026 <a href=\"https:\/\/t.co\/JodXizR5HT\" target=\"_blank\" rel=\"noopener\">pic.twitter.com\/JodXizR5HT<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/x.com\/WuBlockchain\/status\/2077102890939019583?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener\">July 14, 2026<\/a><\/p>\n\n<p>According to the SEC crypto memorandum, the discussion covered an overview of the Hyperliquid ecosystem, its protocol technology, markets, and key participants, as well as potential pathways for compliant access to on-chain markets.<\/p>\n<p>A key point raised in the industry discussion concerns the distinction between infrastructure providers (e.g., protocols, self-custodial wallets) and entities that actively intermediate in trading.<\/p>\n<p>The SEC made no regulatory decisions or commitments. This is a meaningful on-the-record engagement, not a green light.<\/p>\n<p class=\"p1\"><a href=\"https:\/\/99bitcoins.com\/visit\/bybit-airdrop-campaign\" class=\"sc-button sc-button-green sc-button-medium\" target=\"_blank\" rel=\"noopener\"><span>Want to Hedge HYPE?: Join 99Bitcoin\u2019s $1000 USDT Airdrop on ByBit<\/span><\/a>\n<\/p>\n<h2>The Broader Regulatory Push from the SEC Crypto Task Force<\/h2>\n<p>The SEC meeting followed a joint comment submitted by the Hyperliquid Policy Center and Phantom to the CFTC on July 9, urging exemptions for on-chain software developers and self-custodial wallets from outdated registration rules.<\/p>\n<p>This simultaneous engagement with major US regulators highlights Hyperliquid\u2019s proactive stance compared to other DeFi protocols that have not engaged with regulators.<\/p>\n<p>Amid this, President Trump and Republican lawmakers are advocating for the CLARITY Act, which aims to clarify the SEC and CFTC\u2019s regulatory responsibilities over digital assets and provide legal certainty for developers.<\/p>\n<p>The SEC Crypto Task Force has also been meeting with industry participants, with Hyperliquid\u2019s meeting being notable for directly representing an on-chain perpetuals venue.<\/p>\n<p>For HYPE holders, this regulatory engagement reduces uncertainties. A protocol that actively influences regulation faces a different risk profile than a passive one, which may lead to more favorable outcomes.<\/p>\n<p><strong>EXPLORE:\u00a0<a class=\"general-link\" href=\"https:\/\/99bitcoins.com\/cryptocurrency\/next-1000x-crypto\/\" target=\"_blank\" rel=\"noopener\">Best Crypto Presales With Asymmetric Upside in the Current Market<\/a><\/strong><\/p>\n<div><strong>Follow\u00a0<a class=\"general-link\" href=\"https:\/\/twitter.com\/99bitcoins\" target=\"_blank\" rel=\"noopener\">99Bitcoins on X<\/a>\u00a0For the Latest Market Updates and\u00a0<a class=\"general-link\" href=\"https:\/\/www.youtube.com\/@99Bitcoins\" target=\"_blank\" rel=\"noopener\">Subscribe on YouTube<\/a>\u00a0For Daily Expert Market Analysis.<\/strong><\/div>\n<p>The post <a href=\"https:\/\/99bitcoins.com\/news\/altcoins\/sec-crypto-task-force-hyperliquid-meeting\/\">Hyperliquid\u2019s Lawyers Just Met the SEC Crypto Unit: Here\u2019s What Happened<\/a> appeared first on <a href=\"https:\/\/99bitcoins.com\/\">99Bitcoins<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"<p>The U.S. SEC Crypto Task Force held a formal meeting on July 14, 2026, with the Hyperliquid Policy Center, the operator of Trade.xyz, XYZ Ltd., and the elite law firm Sullivan &amp; Cromwell to discuss digital asset regulation and on-chain derivatives markets. No enforcement action emerged, but the meeting, described in an SEC memorandum, documents [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-198513","post","type-post","status-publish","format-standard","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/198513"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=198513"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/198513\/revisions"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=198513"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=198513"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=198513"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}