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Crypto

Bitwise, Hyperliquid urge U.S. SEC to clarify token and trading rules

Asset manager Bitwise and the Hyperliquid Policy Center urged the U.S. Securities and Exchange Commission to clarify rules on token classification, airdrops and secondary market trading. They said existing rules are unclear as the SEC considers its proposed crypto asset regulation, which includes exceptions for certain fundraising and a conditional safe harbor for tokens tied to investment contracts. Other commenters urged the SEC to withdraw the proposal entirely.

People & Appointments

Guhyeok-chae attends quantum strategic technology forum, vows to detail medium-to-long-term strategy

Guhyeok-chae (구혁채), first vice minister at the Ministry of Science and ICT, discussed a medium- to long-term development strategy for quantum technology with representatives from industry, academia and research. He attended the 2026 Quantum National Strategic Technology National Assembly Policy Forum held on Sept. 9 at the National Assembly Museum. The forum followed the government’s selection last month of quantum as a next-generation frontier field under its seven SEED future growth engines.

Crypto

Former SEC official calls quantum computers a ticking time bomb for cryptocurrencies

John Reed Stark, a former U.S. Securities and Exchange Commission enforcement lawyer, warned that fast advances in quantum computing are bringing a deadline for the cryptocurrency industry. He said the broader financial sector, including long-term Bitcoin holders, must take quantum risk seriously. Stark cited comments from IBM CEO Arvind Krishna and Duke University’s Lee Reiners, and criticised the SEC for not responding properly to the risk.