SEC Updates Guidance on Token Buybacks and Staking

The SEC's Division of Corporation Finance has updated its FAQ regarding crypto assets. The document clarifies that token buybacks, ongoing network development, and feature promotion do not automatically classify a coin as a security. Additionally, liquid staking assets may be considered digital commodities in certain cases. The regulator emphasized that these determinations depend on the specific circumstances of each project and that the guidance does not carry the force of law.