The SEC clarifies that token buyback announcements from issuers of decentralized crypto assets do not constitute a promise of essential managerial efforts under Howey, though the same buyback tied to yield on a non-functional network could.
published
The SEC clarifies that token buyback announcements from issuers of decentralized crypto assets do not constitute a promise of essential managerial efforts under Howey, though the same buyback tied to yield on a non-functional network could.
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