💰 SEC clears path for crypto token buybacks as volume hits record $638M
Crypto projects spent a record $638 million on token buybacks through late August 2026, surpassing the $545 million total from 2025. Hyperliquid accounted for $370 million while Pump.fun spent $200 million, together representing nearly 90% of the market activity.
The SEC Division of Corporation Finance issued new guidance clarifying that buyback announcements for non-security crypto assets on functional networks fall outside "essential managerial efforts." This reduces the risk of such programs being classified as investment contracts under the Howey test.
#SEC #CryptoNews #TokenBurn #Regulation
Crypto projects spent a record $638 million on token buybacks through late August 2026, surpassing the $545 million total from 2025. Hyperliquid accounted for $370 million while Pump.fun spent $200 million, together representing nearly 90% of the market activity.
The SEC Division of Corporation Finance issued new guidance clarifying that buyback announcements for non-security crypto assets on functional networks fall outside "essential managerial efforts." This reduces the risk of such programs being classified as investment contracts under the Howey test.
#SEC #CryptoNews #TokenBurn #Regulation