SEC staff issued an updated FAQ on governance tokens establishing that projects must show widely distributed voting power among independent holders to avoid being designated as a controlling central party

How governments worldwide set rules for digital assets through legislation, agency rulemaking, licensing regimes and court fights.

Corporation Finance staff issued crypto asset FAQs on September 25, 2026 and narrowed the token buyback answer on September 28 to functional systems with no central party. The answers are staff guidance with no legal force or effect.