🚨 Urgent: 🇺🇸 The SEC begins providing further clarity on crypto assets after the failure to pass the CLARITY law.
Details include:
• Token buybacks on active protocols are not, by themselves, considered project management.
• Liquid Staking tokens can be treated as digital commodities rather than securities, under the specified conditions.
• Maintenance, updates, and grants are not considered, on their own, to be essential administrative activities.
• Promoting the use of crypto assets, without promising profits, does not automatically make the transaction an investment contract.
And there are already official SEC guidelines and interpretations regarding the classification of digital assets and investment contracts. �
sec.gov +1
🔥 A major development for the crypto market!
**DYOR — not financial advice.**$BTC $SUI $BNB
Details include:
• Token buybacks on active protocols are not, by themselves, considered project management.
• Liquid Staking tokens can be treated as digital commodities rather than securities, under the specified conditions.
• Maintenance, updates, and grants are not considered, on their own, to be essential administrative activities.
• Promoting the use of crypto assets, without promising profits, does not automatically make the transaction an investment contract.
And there are already official SEC guidelines and interpretations regarding the classification of digital assets and investment contracts. �
sec.gov +1
🔥 A major development for the crypto market!
**DYOR — not financial advice.**$BTC $SUI $BNB
