⚖️ SEC: Token Buybacks Don't Equal Securities — With a Catch New SEC staff guidance clarifies that announcing a token buyback on a functional network doesn't constitute a promise that transforms the token into a security. The key qualifier: the network has to actually work. One attorney's take is pointed — securities laws are starting to look "opt-in" under this framework. For crypto projects that have launched and decentralized, that's a meaningful green light. For anything still leaning on issuer promises to drive value, the old rules still apply. Source Trade on Binance
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⚖️ SEC: Token Buybacks Don't Equal Securities — With a Catch
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