SEC Opens Door to Token Buybacks as Altcoin Breadth Gets Hot, But Cooling Rate Volatility Could Give the Broader Crypto Complex Another Leg Higher

The SEC gave token economics an important boost today. Staff guidance clarified that when a crypto system is functional, an issuer announcing a buyback program for a non-security crypto asset would not, by itself, constitute a promise of essential managerial efforts. This is staff guidance rather than a rule, but I think it meaningfully widens the aperture for profitable protocols to experiment with discretiona...

Finish reading this report for free

Enter your email and we'll send the paywall-free report directly to your inbox

Articles Read: 1/2

By continuing, you agree to the Terms of Service and Privacy Policy.

In addition to your unlocked report, you will receive our weekly market newsletter Fundstrat Snapshot, as well as occasional updates and offers from Fundstrat Direct. You can unsubscribe at any time.

Get unlimited access to Tom Lee's Fundstrat research Subscribe
Already a member? Log in
Disclosures (show)

Events

Trending crypto assets in our research