SEC Staff Clear Token Buybacks on Working Networks, With a Warning for Unfinished Ones
SEC staff clarified that token buybacks on functional networks do not automatically make tokens securities, but warns unfinished networks could cross the line.
SEC’s Division of Corporation Finance released FAQs addressing whether announcing token buybacks could trigger securities classification, following projects like Ethena’s proposed buyback.
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SEC FAQ on token buybacks is a core regulatory update affecting token classification and security law.