What changed
SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in."
Why it matters
Regulatory risk around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works
Trading lens
Use this as watchful context from decrypt.co. Watch whether new SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in." confirms momentum, invalidates active bias, or changes timing.