faq

a16z Chief Legal Counsel Miles Jennings posted on X that the U.S. Securities and Exchange Commission (SEC) has released new FAQs that further clarify its token classification framework. He pointed out that Question 1.4 clearly states that systems can maintain decentralized governance and use legal entities such as DUNA; Question 1.5 distinguishes between licensed and unlicensed systems; and Question 1.6 clarifies the difference between "functional" and "decentralized."The SEC's Division of Corporation Finance updated the relevant Q&A on November 2. The response to Question 1.4 states that participants in a widely governed functional crypto system, if not interconnected and without formal or informal collaborative arrangements other than participating in that governance system, typically do not constitute a group of persons or entities defined as "centralized parties"; even if they do form such a group, they must still possess operational, economic, or voting control to meet the definition of "centralized parties." This conclusion also applies to cases where the governance system belongs to an organization, association, or foundation, and participation is based on holding native crypto assets.The response to Question 1.5 states that centralized party oversight of participants refers to the authority to control access to the system at the protocol, validator, or user level, such as unilaterally granting or restricting access, deciding on upgrade voting procedures, controlling who can participate in consensus, or modifying rule code, revoking transactions, and access. The response to Question 1.6 states that "functional" refers to native crypto assets being usable according to the system's programmed purposes, while "decentralized" refers to the system operating autonomously without any person, entity, or group having operational, economic, or voting control; the two are distinct concepts. The above responses represent the views of the staff of the Division of Corporation Finance and do not constitute SEC rules or statements.

The U.S. Securities and Exchange Commission's Division of Corporation Finance updated its frequently asked questions document on cryptocurrency assets on Friday, clarifying that token buybacks, network upgrades, and marketing promotions do not automatically make cryptocurrency assets securities. The division stated that announcing a buyback plan for an already functioning cryptocurrency network does not, by itself, make the associated tokens constitute an investment contract; however, for networks that are not yet operational, if the issuer promotes the buyback as a source of returns for holders, this conclusion may not necessarily apply.Regarding the ongoing development issues of cryptocurrency projects after their launch, the document pointed out that once a cryptocurrency system is operational, services used to protect, maintain, improve, or enhance that system and its functions, or to promote network effects, do not fall under the managerial efforts referred to in the Howey test. The existing uses of marketing networks generally do not create profit expectations, and statements regarding future functionalities are similarly true, provided that profit potential is not promoted. The document reiterated that specific judgments still heavily depend on the actual circumstances of each case.This document is based on the interpretive guidance issued by the SEC in March of this year regarding the application of securities laws to cryptocurrency assets, released just weeks after the Clarity Act failed to advance in the Senate, with regulators continuing to operate under existing laws. Additionally, the U.S. Commodity Futures Trading Commission updated its cryptocurrency FAQs on Thursday, stating that futures companies and clearinghouses may invest customer funds in tokenized versions of previously permitted assets, provided that investment and custody requirements are met; regulated companies may use blockchain for record-keeping but must be able to provide relevant records when the blockchain or its block explorer is not operational.

According to Jinshi reports, explosions were heard at the Muwaffaq Salti Air Base in Jordan (one of the main U.S. military bases in the Middle East).

The chairman of the U.S. Commodity Futures Trading Commission (CFTC), Mike Selig, posted on the X platform stating that the regulatory agency has released a Frequently Asked Questions (FAQ) document regarding crypto assets and blockchain-related businesses, further clarifying compliance guidelines for registered entities and trading firms.It is reported that the content addresses issues related to tokenized collateral and digital assets as margin, supplementing the explanations of two previously released staff letters (tokenized custody guidance and digital asset margin no-action relief guidance), providing market participants with a clearer operational framework.Mike Selig added that as "Project Crypto" becomes a jointly promoted initiative, aligning with the U.S. Securities and Exchange Commission (SEC) is also an important step in promoting clarity and uniformity in crypto regulatory rules.

According to Crypto Politan, the Dubai Financial Services Authority (DFSA) announced its updated regulatory framework for crypto tokens last year and released a Frequently Asked Questions (FAQ) document to assist businesses in understanding and implementing the new regulations.The new framework allows entities regulated by the DFSA within the Dubai International Financial Centre to choose the crypto tokens they wish to work with without requiring prior approval from the DFSA, and this update has been effective since 2026. The FAQ clarifies that the new regulations cover crypto tokens used for payment or investment purposes, excluding investment tokens such as NFTs, utility tokens, securities tokens, and stablecoins.Stablecoins are limited to use by asset managers for payments. Businesses offering crypto token-related products must comply with the token regime and related requirements, with token suitability assessment criteria including their characteristics, regulatory status in other jurisdictions, global market size and liquidity, relevant technology, and whether they may hinder compliance.

According to the announcement on the official website of the U.S. Securities and Exchange Commission (SEC), the SEC's Division of Trading and Markets recently released a Frequently Asked Questions (FAQs) document regarding activities involving crypto assets and distributed ledger technology (DLT), aimed at providing compliance guidance for market participants, covering the following core areas:Broker-dealer Responsibilities: Non-securities crypto assets are not subject to the provisions of Section 15c3-3 of the Securities Exchange Act; however, if they are "crypto asset securities," brokers may establish "control" under that section to meet compliance requirements. The SEC does not oppose non-paper form assets.Customer Asset Protection: If the crypto asset is not a registered product under the Securities Act, the SIPC (Securities Investor Protection Corporation) will not provide protection. The SEC recommends treating non-securities crypto assets as "financial assets" under UCC Article 8 and placing them in "securities accounts" to enhance the independence of customer assets in the event of liquidation.Dual Asset Trading Pairs: National Securities Exchanges (NSE) and Alternative Trading Systems (ATS) may offer paired trading of "crypto securities/non-securities assets," provided they comply with regulatory requirements and disclose relevant information in Form ATS or ATS-N.Transfer Agents and DLT: If a transfer agent provides securities transfer services for the issuer of crypto assets, and the assets are registered securities under Section 12, they must register with the SEC. The SEC does not oppose using blockchain as a master ledger, provided that all recordkeeping and regulatory requirements in federal regulations are met.Clearing and Settlement and ETPs: When registered brokers operate an ATS, they may clear customer transactions within their account ledgers, and the SEC does not mandate registration as a clearing agency. For ETPs referencing crypto assets, the SEC does not oppose their operation based on the no-action letter issued in 2006 for commodity ETPs.

ChainCatcher news, according to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has released a Frequently Asked Questions (FAQ) document regarding activities related to crypto assets and distributed ledger technology.It clarifies that brokers holding non-securities crypto assets are not subject to the holding and control requirements of Rule 15c3-3 and are not protected by SIPA; the net capital treatment for Bitcoin and Ethereum applies to crypto asset spot ETPs.Commissioner Hester M. Peirce stated that the FAQ provides initial guidance for the market, but further refinement is still needed.

ChainCatcher news, according to @tier10k's post on the X platform, Telegram has quietly updated its Frequently Asked Questions (FAQ) by removing "All Telegram chats and groups are private conversations between participants. We do not handle any requests related to them."

ChainCatcher message, ZK Nation posted on X that they will continue to update the FAQ document and add an email for the community to collect questions and feedback.

ChainCatcher message, NFPrompt's official announcement states that it will begin airdropping new NFP tokens to eligible addresses. Addresses holding old NFP tokens and not mentioned in the exclusions in the FAQ are qualified to participate.According to the FAQ, users whose on-chain balances have not changed from the time of the hack to the snapshot will be the first to receive the airdrop, while other addresses with on-chain activity will follow up later. The airdrop process does not require payment of Gas fees.The new token contract address is 0x551897f8203bd131b350601D3aC0679Ba0Fc0136.