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SEC The public comment period for the proposed Regulation Crypto Assets ends Tuesday. Bitwise and Hyperliquid Policy Center submitted comments seeking clarity on whether tokens are securities, as well as on airdrops and secondary market rules.
X account @milesjennings posted: “This is great work by the SEC. The narrowing of Friday’s guidance will bolster its durability, while guarding against attempts to misconstrue it by those that wish to circumvent securities laws. Pragmatic and clear rules are all crypto needs to succeed, and the SEC just”
According to reports, the SEC Division of Corporation Finance updated its crypto FAQ, explaining that token buybacks for functional networks do not, under certain conditions, amount to a commitment to key managerial efforts.
X account @milesjennings questioned a FAQ for failing to distinguish between programmatic buybacks and discretionary buybacks, arguing that the relevant interpretation could allow startups to circumvent securities law by tokenizing revenue streams.
SEC issued crypto-asset FAQ, discussing the boundaries of securities-law application under the Howey test for functional networks, staking receipt tokens, and repurchase programs.
