[U.S. Securities and Exchange Commission Releases Digital Asset FAQ, Clarifies Scope of Howey Test] Odaily Planet Daily News: A Fox Business crypto journalist posted on the X platform that staff from the U.S. Securities and Exchange Commission (SEC) have released a new FAQ, explaining how the SEC's March interpretive guidance on digital assets applies to token functionality, staking tokens, and investment contracts. The guidance states that once a network is functional, services provided to maintain, improve, or develop the network generally do not constitute the 'essential managerial efforts' under the Howey Test. This FAQ reflects the views of the staff only and does not carry legal authority.