Token buybacks on a working network don’t automatically make crypto a security, *if no promises of yield or management effort are made*. That’s key for projects avoiding regulatory classification. But if the system isn't live, those same promises could still trigger Howey test scrutiny. Reality check: this is guidance, not law. #Crypto #Finance #CryptoverseNews

Full story: https://cryptoversenews.eu/finance/sec-staff-says-token-buybacks-don-t-make-crypto-a-security-i/