SEC Updates Crypto FAQs on Buybacks, Governance and Network Changes
Photo: TokenPost
The Securities and Exchange Commission (SEC) has updated its crypto asset FAQs to address token buybacks, governance and network changes, with the material focusing on how those actions relate to investment contracts. The FAQs address whether announcements of buybacks involving tokens that are not securities constitute managerial efforts. They also cover maintenance and upgrades after a network becomes functional, which the guidance says are not necessarily essential managerial efforts. The material discusses mergers or migrations when managerial obligations continue. Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.
Source: TokenPost
