The U.S. Securities and Exchange Commission (SEC) has updated its guidance on crypto assets, providing further detail on when token activities may fall outside federal securities laws as the agency continues to clarify its approach to digital assets.
The SEC’s Division of Corporation Finance updated its crypto FAQs on September 25 2026 addressing issues including
- token buybacks,
- functional crypto networks, and
- staking receipt tokens.
For functional crypto systems, the SEC said an issuer’s announcement of a buyback program would not constitute a promise to perform essential managerial efforts. That could change where a network is not yet functional and…
