The SEC quietly updated a crypto FAQ yesterday, which is actually a positive signal for governance tokens like $UNI .
According to The Crypto Times (updated November 2; staff interpretation, not a formal rule):
• As long as governance participants are unaffiliated and do not coordinate privately, broad governance votes generally will not be considered to involve a “central party”
• The key requirement is “broad governance”: proposals, votes, outcomes, and execution must all be transparent and public, and decision-making power cannot be concentrated in one party or through delegation
• “Usable” does not mean “decentralized”—the two should be considered separately
• For buyback announcements involving non-security tokens, in a functional system without a central party, they do not constitute a promise of “managerial efforts”
My take: This isn’t a green light; it just spells out the criteria more specifically, and the SEC itself emphasizes that it has no legal force. But for DeFi governance tokens, at least the compliance path is a little clearer than before. The things to watch next are formal rules and progress on the CLARITY Act.
#SEC #DeFi #治理代币 For informational purposes only; not investment advice.
According to The Crypto Times (updated November 2; staff interpretation, not a formal rule):
• As long as governance participants are unaffiliated and do not coordinate privately, broad governance votes generally will not be considered to involve a “central party”
• The key requirement is “broad governance”: proposals, votes, outcomes, and execution must all be transparent and public, and decision-making power cannot be concentrated in one party or through delegation
• “Usable” does not mean “decentralized”—the two should be considered separately
• For buyback announcements involving non-security tokens, in a functional system without a central party, they do not constitute a promise of “managerial efforts”
My take: This isn’t a green light; it just spells out the criteria more specifically, and the SEC itself emphasizes that it has no legal force. But for DeFi governance tokens, at least the compliance path is a little clearer than before. The things to watch next are formal rules and progress on the CLARITY Act.
#SEC #DeFi #治理代币 For informational purposes only; not investment advice.