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SEC Updates Crypto Guidance After Senate Cloture Vote Fails

SEC Updates Crypto Guidance After Senate Cloture Vote Fails

The SEC has updated non-binding guidance on when crypto buybacks, functional networks and staking receipt tokens may fall outside securities treatment. The move follows CFTC guidance and comes after the Senate failed to advance the CLARITY Act, while Commissioner Hester Peirce prepares to leave the agency.

Cointelegraph