#secsaysbuybacksupgradesdontmaketokensecurity Staking tokens and buybacks get SEC
staff answers
The
's Division of Corporation Finance published new FAQs today on how securities laws apply to crypto, building on the Commission's March interpretive release. The answers reflect staff views and carry no legal force.
Staff say liquid staking tokens backed by a commodity token are receipts, not securities. Token buybacks also do not turn a token into a security, as long as its crypto system is already functional. Uniswap founder
called the answers "bangers."$PHA $DYDX $CLO
staff answers
The
's Division of Corporation Finance published new FAQs today on how securities laws apply to crypto, building on the Commission's March interpretive release. The answers reflect staff views and carry no legal force.
Staff say liquid staking tokens backed by a commodity token are receipts, not securities. Token buybacks also do not turn a token into a security, as long as its crypto system is already functional. Uniswap founder
called the answers "bangers."$PHA $DYDX $CLO
