SEC aligns crypto guidance with CFTC, clarifies how securities laws may apply to digital assets
The SEC issued non-binding staff guidance that mirrors recent CFTC advice, outlining when token buybacks, network services and staking may fall outside…
Topic
Howey test
Every story we have filed on Howey test.
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SEC staff says token buybacks aren’t securities once a network is live
The SEC’s corporate finance division clarified that token repurchase programs do not trigger the Howey test for functional crypto networks.