ShenChao TechFlow message: On July 15, according to a memorandum, on July 14, 2026, SEC Crypto Task Force staff held a meeting with representatives of Hyperliquid Policy Center, Highland Labs Pte. Ltd. (Hyperliquid Labs), XYZ Ltd., and Sullivan & Cromwell LLP to conduct an in-depth discussion on approaches to regulating crypto assets, as well as the technical architecture of the Hyperliquid protocol and the market ecosystem.

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