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#SECSaysBuybacksUpgradesDontMakeTokenSecurity 🚨🇺🇸 SEC CRYPTO UPDATE: BUYBACKS & UPGRADES DON’T AUTOMATICALLY MAKE A TOKEN A SECURITY The SEC’s Division of Corporation Finance has issued fresh crypto guidance addressing token buybacks, network upgrades, marketing claims and post-launch development. 👀 🔄 Token Buybacks: A buyback on an already-functional network does not, by itself, make the token an investment contract. 🛠️ Network Upgrades: Continuing to maintain, improve or enhance a functional crypto network does not automatically count as the kind of managerial effort that would make the token a security. ⚠️ But there’s an important catch: The SEC says the analysis depends on the specific facts and circumstances. Buybacks on a non-functional network or promises that holders will profit can lead to a different analysis. 📌 Bottom line: This guidance could provide more clarity around how U.S. securities laws apply to certain crypto projects—but it is not a blanket safe harbor for every token. Crypto regulation is getting clearer. 👀🔥 $PHA $QNT $LYN DYOR • Stay Updated • Manage Risk #Binance #trading #market #news