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SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works
New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in."
· 1 min read · 106 words · via Decrypt
Wire briefing
New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in."
Source: Decrypt. This is a wire summary for GetFreeBit readers - verify the original report before making custody, trading, or tax decisions. Not financial advice.
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