美SEC更新加密资产FAQ：功能完善且无中央控制方的代币回购不构成管理承诺

Gold Financial Report, 29 September, the United States SEC updated FAQ on 28 September regarding the application of the Federal Securities Act to partial crypto assets and related transactions. (a) Update the clarification that, if a encryption system is functional and no central control party exists, the issuer ' s announcement of a plan for repurchase of non-securitized crypto assets does not constitute its commitment to undertake the necessary management efforts; If the system is not functional and the issuer describes the buyback as generating revenue or returns for the token holder, the buyback announcement may constitute a statement or commitment to undertake the necessary management effort. In addition, SEC staff indicated that in certain circumstances pledge vouchers could be classified as digital tools or commodities; Activities such as providing security, maintenance, improvement or enhancement of the system and its functions, as well as promoting network effects, are not a necessary management effort for an already functional encryption system. The FAQ represents only the views of the company ' s finance department staff, is not a SEC rule or formal declaration and has no legal effect.