SEC: Decentralized Token Buybacks Not Investment Contracts
SEC updates crypto FAQ on token buybacks: no central party means likely no investment contract, after a16zcrypto Miles Jennings comments.
SourceAnalysis
SEC revised its crypto FAQ on token buybacks to clarify that arrangements lacking a central party behind the purchases likely do not qualify as an investment contract under the Howey test, directly addressing prior concerns raised by a16zcrypto General Counsel Miles Jennings last week.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.
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