CryptoDecryptabout 2 hours ago
SEC Clears Token Buybacks for Crypto Networks
5 min read
The SEC's Division of Corporation Finance updated its crypto FAQ on Friday, stating that once a network is functional, announcing a token buyback does not constitute a promise of essential managerial efforts under the Howey test. The guidance benefits protocols like Hyperliquid, Pump.fun, and Ethena that run live products and buyback programs, potentially re-rating their tokens.
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