{"id":43181,"date":"2026-05-09T04:00:21","date_gmt":"2026-05-09T04:00:21","guid":{"rendered":"https:\/\/cryptomag.finance\/?p=43181"},"modified":"2026-05-09T04:00:21","modified_gmt":"2026-05-09T04:00:21","slug":"hyperliquid-policy-center-praises-sec-chair-atkins-on-chain-agenda-featuring-4-key-proposals","status":"publish","type":"post","link":"https:\/\/cryptomag.finance\/?p=43181","title":{"rendered":"Hyperliquid Policy Center Praises SEC Chair Atkins\u2019 On-Chain Agenda Featuring 4 Key Proposals"},"content":{"rendered":"

The Hyperliquid Policy Center (HPC) praised Securities and Exchange Commission (SEC) Chair Paul Atkins on Friday for what it described as an ambitious effort to improve clarity for on-chain markets.\u00a0<\/p>\n

SEC\u2019s On-Chain Guidance Agenda<\/h2>\n

Atkins\u2019 remarks <\/a>centered on four key areas where he said the Commission should provide more guidance on how regulatory principles translate into the context of on-chain activity. He said that participants should have a clear sense of how on-chain trading systems can function within the regulatory perimeter.\u00a0<\/p>\n

Looking ahead, he noted that while the SEC may consider a limited \u201cinnovation pathway\u201d soon, he also argued the agency should think about what a future-proof framework could look like.\u00a0<\/p>\n

In his view, that framework would take the form of notice-and-comment rulemaking, and it would specifically address how the SEC\u2019s \u201cexchange\u201d definition applies to on-chain trading systems.<\/p>\n

The SEC chair also pointed to the need to clarify how the broker and dealer framework <\/a>would apply to these activities. He said the Commission should examine issues raised in a recent staff statement on software interfaces, and he suggested that this policy initiative could involve notice-and-comment exemptive rulemaking.<\/p>\n

A third area of emphasis was the definition of a \u201cclearing agency\u201d as it applies to on-chain clearing and settlement. Atkins said rulemaking may be necessary to confirm which general-purpose activities fall outside that definition.<\/p>\n

Finally, Atkins called for additional clarity surrounding what are commonly referred to as \u201ccrypto vaults.\u201d He described crypto vaults as on-chain software applications<\/a> that allow users to earn yield passively by deploying their assets into yield-generating opportunities on-chain.\u00a0<\/p>\n

He said the Commission should address the relevant Securities Act and Advisers Act touch-points as it considers these policy initiatives.<\/p>\n

Why Hyperliquid Policy Center Finds It Promising<\/h2>\n

Atkins concluded by saying the SEC will keep moving forward to accommodate markets moving on-chain. At the same time, he reiterated his call for Congress to send the CLARITY Act <\/a>to President Trump\u2019s desk.\u00a0<\/p>\n

He argued that while the SEC intends to \u201cfuture-proof\u201d its efforts through notice-and-comment rulemaking, there is \u201cno more powerful\u201d future-proofing mechanism than enshrining well-designed statutory language in law.<\/p>\n

The Hyperliquid Policy Center, led by Jake Chervinsky, said it was encouraged by Atkins\u2019 approach of mapping on-chain clearing and settlement systems to existing legal frameworks \u201con their own terms,\u201d rather than forcing them into legacy categories built for legacy architecture.\u00a0<\/p>\n

The Hyperliquid Policy Center also called <\/a>on-chain clearing and settlement \u201cone of the most significant financial infrastructure innovations of our generation,\u201d and it said it views the chairman\u2019s stance as a constructive step toward regulatory alignment as on-chain systems continue to evolve.<\/p>\n

\"Hyperliquid\"<\/p>\n

At the time of writing, the Hyperliquid platform\u2019s native token, HYPE, was trading at $42.98, marking a 2% increase over the last 24 hours. Currently, the Hyperliquid token is trading at almost 27% below its all-time high of $59, which was reached last year.\u00a0<\/p>\n

Featured image created with OpenArt, chart from TradingView.com\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

The Hyperliquid Policy Center (HPC) praised Securities and Exchange Commission (SEC) Chair Paul Atkins on Friday for what it described as an ambitious effort to improve clarity for on-chain markets.\u00a0 SEC\u2019s On-Chain Guidance Agenda Atkins\u2019 remarks centered on four key areas where he said the Commission should provide more guidance on how regulatory principles translate […]<\/p>\n","protected":false},"author":1,"featured_media":43182,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[],"tags":[],"class_list":["post-43181","post","type-post","status-publish","format-standard","has-post-thumbnail"],"yoast_head":"\nHyperliquid Policy Center Praises SEC Chair Atkins\u2019 On-Chain Agenda Featuring 4 Key Proposals - Cryptomag<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptomag.finance\/?p=43181\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Hyperliquid Policy Center Praises SEC Chair Atkins\u2019 On-Chain Agenda Featuring 4 Key Proposals - 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