DEGEN NEWS(@DegenerateNews):NEW: U.S. SEC STAFF FAQS STATE "WHERE A CRYPTO SYSTEM IS FUNCTIONAL, AN ISSUER’S ANNOUNCEMENT OF A NON-SECURITY CRYPTO ASSET BUYBACK PROGRAM WOULD NOT CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS" "WHERE A CRYPTO SYSTEM IS NOT FUNCTIONAL, HOWEVER, SUCH AN ANNOUNCEMENT COULD CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS IF THE ISSUER PRESENTS THE BUYBACK AS CREATING YIELD OR RETURN FOR TOKEN HOLDERS" SOURCE:

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2026.09.25 18:56

NEW: U.S. SEC STAFF FAQS STATE "WHERE A CRYPTO SYSTEM IS FUNCTIONAL, AN ISSUER’S ANNOUNCEMENT OF A NON-SECURITY CRYPTO ASSET BUYBACK PROGRAM WOULD NOT CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS" "WHERE A CRYPTO SYSTEM IS NOT FUNCTIONAL, HOWEVER, SUCH AN ANNOUNCEMENT COULD CONSTITUTE A REPRESENTATION OR PROMISE TO UNDERTAKE ESSENTIAL MANAGERIAL EFFORTS IF THE ISSUER PRESENTS THE BUYBACK AS CREATING YIELD OR RETURN FOR TOKEN HOLDERS" SOURCE: