Former federal prosecutor Renato Mariotti warns that the SEC's new crypto FAQ is non-binding guidance that carries no legal weight for market participants.
The US SEC has issued new non-binding guidance on crypto asset regulation following a similar move by the CFTC and the failure of the CLARITY Act in the Senate.
The SEC has clarified that token buybacks for functional crypto networks do not automatically classify assets as securities under the Howey test.
The SEC has issued new guidance clarifying how token buybacks, liquid staking, and network development activities align with federal securities laws.
