New SEC Crypto FAQ Puts Token Buybacks Under Fresh Scrutiny
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The latest SEC crypto FAQ update adds answers on governance, control and decentralization. Ordinary tokenholder voting does not by itself turn voters into a controlling group. Unilateral power over validators, code or transactions points to a central party. The FAQ reflects staff views only and changes no law. The Securities and Exchange Commission’s Division of Corporation Finance on November 2 added three new answers to its crypto asset FAQ , spelling out when token voting or a foundation’s administrative powers turn a blockchain network into one run by a “central party.” The distinction carries practical weight because, under the agency’s…
Source: Crypto News Flash
