Daily Market Updates: SEC staff revises token buyback FAQ to require no central party

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SEC staff revises token buyback FAQ to require no central party

The change centers on clarifying that a token buyback system must operate without centralized control to meet the FAQ conditions.

Reported · Written up by our desk · Regulation

The Defiant reports that SEC staff updated wording in a token buyback FAQ, adding an explicit requirement tied to the system’s governance.

According to the outlet, the Sept. 25 answer had described only the system’s functionality, while the revised language makes the absence of centralized control a specific condition.

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Sources

The DefiantSEC Staff Adds 'No Central Party' Limit to Token Buyback FAQ

Crypto

SEC staff revises token buyback FAQ to require no central party

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Sources

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