SEC Staff Says Token Buybacks Don't Make Crypto a Security—If the Network Works

Crypto Insight Summary: New SEC staff guidance says announcing a token buyback on a functional network isn't a promise that turns the token into a security, a shift one attorney says makes securities laws look "opt-in." Crypto Insight Analysis: Direction: Bullish GT / Neutral ETH / Neutral BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory clarity on token buybacks boosts platform tokens like GT but has limited impact on BTC/ETH.