Wire · regulatory
SEC Issues Fresh Crypto Guidance on Staking Tokens, Buybacks, and the Howey Test
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Fusion42 · 26 September 2026 · Fusion42 review
The US Securities and Exchange Commission issued updated FAQs clarifying when staking receipt tokens and certain buyback activities fall outside securities regulation, focusing on Howey test application and functional network status.
This Wire brief sits within Fusion42's coverage of Fintech, and 5 sources have reported it between 26 Sep 2026 and 5 Oct 2026.
◆ ◆ The Wire takeaway
You must adjust how you present staking tokens and token buybacks to avoid them being classified as securities and triggering SEC scrutiny. Marketing your token's existing utility rather than profits opens a path to regulatory compliance without redesign.
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5 sources · first reported 26 Sep 2026 · latest 5 Oct 2026
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