🇺🇸 THE SEC JUST DREW NEW LINES AROUND CRYPTO — WITHOUT WAITING FOR CONGRESS. 👀
The CLARITY Act failed to advance in the Senate.
But the SEC is still moving.
New crypto guidance clarifies how certain activities can be treated under U.S. securities laws — including token buybacks, liquid staking, protocol maintenance and crypto marketing.
Here’s what stands out:
🔹 Token buybacks on functioning protocols don’t automatically mean the token involves essential managerial efforts.
🔹 Certain liquid-staking receipt tokens can fall within the framework for digital commodities rather than securities.
🔹 Routine protocol maintenance, upgrades and grants aren’t automatically treated as essential managerial activity.
🔹 Promoting the use of a crypto asset, without promising profits from someone else’s managerial efforts, does not by itself make the transaction an investment contract.
But there’s an important detail:
These are NOT blanket exemptions for every crypto project.
The SEC’s framework still looks at the specific facts, promises and circumstances surrounding how an asset is offered and sold.
And that could matter enormously for U.S. crypto projects.
Congress didn’t deliver the full market-structure bill.
So the rulebook is being built another way. 👀
$ETH $SOL $XRP
#Crypto #SEC #Bitcoin #Ethereum #Regulation
The CLARITY Act failed to advance in the Senate.
But the SEC is still moving.
New crypto guidance clarifies how certain activities can be treated under U.S. securities laws — including token buybacks, liquid staking, protocol maintenance and crypto marketing.
Here’s what stands out:
🔹 Token buybacks on functioning protocols don’t automatically mean the token involves essential managerial efforts.
🔹 Certain liquid-staking receipt tokens can fall within the framework for digital commodities rather than securities.
🔹 Routine protocol maintenance, upgrades and grants aren’t automatically treated as essential managerial activity.
🔹 Promoting the use of a crypto asset, without promising profits from someone else’s managerial efforts, does not by itself make the transaction an investment contract.
But there’s an important detail:
These are NOT blanket exemptions for every crypto project.
The SEC’s framework still looks at the specific facts, promises and circumstances surrounding how an asset is offered and sold.
And that could matter enormously for U.S. crypto projects.
Congress didn’t deliver the full market-structure bill.
So the rulebook is being built another way. 👀
$ETH $SOL $XRP
#Crypto #SEC #Bitcoin #Ethereum #Regulation
