Security
Crypto: SEC Draws a New Line for Non-Security Tokens
Cointribune·September 27, 2026·1 min read
The SEC's staff published an FAQ on September 25 clarifying that a crypto asset not itself a security can still be sold under an investment contract. The guidance details treatment of tokens, liquid staking, buyback programs, and issuer promises. Whether a token is a security depends on what issuers promise buyers.
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