According to the latest reporting from CoinDesk, the SEC stated that decentralized token buyback agreements do not constitute investment contracts and will not be subject to securities law regulation. In its investigation, the SEC emphasized that although these buyback agreements involve token transfers, the participants’ motivation is not investment returns. Analysis shows that currently about 70% of DEX transactions involve decentralized buybacks, with a total value exceeding $1 billion. This move may bring regulatory clarity to the DeFi industry. #SECSaysDecentralizedTokenBuybacksNotInvestmentContracts