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      SEC staff issues new FAQs clarifying how securities laws apply to...

      SEC staff issues new FAQs clarifying how securities laws apply to cryptoSEC staff says token buybacks on functional protocols generally do not involve essential managerial efforts. Liquid staking tokens can qualify as digital commodities or digital tools rather than securities while maintenance, enhancements and system grants generally are not considered essential managerial efforts. Promoting crypto utility without profit claims generally does not create an investment contract.

      Source: Solid Intel
      .

      Terra Founder Do Kwon Sentenced to 15 Years in Prison for Fraud