Key Highlights SEC staff clarified that tokens with protocol revenue and buybacks are not automatically securities, applying the Howey test focused on economic reality over terminology. $PUMP surged 18% to $0.0045 with a 57% volume spike, while protocol inflows reversed to $24 million and buybacks continued removing 16.79% of supply. Technical indicators signal bullish momentum, ...
Key Highlights The SEC’s Division of Corporation Finance issued new FAQs Thursday clarifying how token buybacks, liquid staking receipts, and ongoing blockchain development are analyzed under the Howey test and federal securities laws. Staff stated that for a functional crypto network, announcing a buyback of a non-security token does not by itself constitute a promise ...
Key Highlights U.S. SEC staff publishes new Q&A guide clarifying application of federal securities laws to crypto assets Guidance specifically addresses regulatory treatment of liquid staking tokens and token classifications Release represents latest effort by securities regulator to provide compliance framework for digital asset market participants SEC Staff Issues Targeted Guidance on Crypto Asset Securities ...