SEC just dropped updated crypto securities FAQ on Sept 25—but here's the kicker: they literally said it has "no legal force" and doesn't change existing law.
This comes right after CFTC clarified that staking receipt tokens and token buybacks on live networks aren't always securities.
Timing? Right after the CLARITY Act failed in Senate.
So basically: SEC updates guidance with zero teeth while regulators can't even agree on what's a security. Classic regulatory theater.
Still no real clarity. Just more bureaucratic ping-pong while the industry moves forward anyway.
This comes right after CFTC clarified that staking receipt tokens and token buybacks on live networks aren't always securities.
Timing? Right after the CLARITY Act failed in Senate.
So basically: SEC updates guidance with zero teeth while regulators can't even agree on what's a security. Classic regulatory theater.
Still no real clarity. Just more bureaucratic ping-pong while the industry moves forward anyway.
