SEC JUST CLARIFIED TOKEN BUYBACKS. IF THE NETWORK ALREADY WORKS AND NOBODY CONTROLS IT, ANNOUNCING A BUYBACK DOES NOT TURN THE TOKEN INTO A SECURITY. IF THE NETWORK IS NOT LIVE YET AND YOU PITCH THE BUYBACK AS PROFIT, THAT CAN STILL BE A PROBLEM. THIS IS STAFF GUIDANCE, NOT A NEW LAW.
published
SEC JUST CLARIFIED TOKEN BUYBACKS. IF THE NETWORK ALREADY WORKS AND NOBODY CONTROLS IT, ANNOUNCING A BUYBACK DOES NOT TURN THE TOKEN INTO A SECURITY. IF THE NETWORK IS NOT LIVE YET AND YOU PITCH THE BUYBACK AS PROFIT, THAT CAN STILL BE A PROBLEM. THIS IS STAFF
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