On September 25th, the Corporate Banking Department of the US Securities and Exchange Commission released a FAQ on cryptocurrency assets, covering topics such as token buybacks, network development, pledged certificates, and secondary market trading platforms. The document points out that when the issuer describes repurchase as a means of generating revenue, repurchase may be related to investment contract analysis; Pledge certificates linked to digital goods that do not belong to investment contracts can be considered as digital tools to prove ownership of underlying assets, and may constitute digital goods when issued by protocol based liquidity pledge service providers. The US Securities and Exchange Commission emphasizes that the document is an employee guidance and does not constitute a new rule or change existing laws.
