According to Wu Blockchain, crypto journalist Eleanor Terrett reported that the U.S. SEC has updated its crypto asset FAQ with additional clarification on token repurchases: if there is no central entity behind the token repurchase, the related arrangement typically does not constitute an investment contract. This update follows comments made last week by Miles Jennings, General Counsel and Head of Policy at a16z Crypto; Jennings previously pointed out that the old wording might imply that announcing a repurchase plan by the issuer itself does not create a new investment contract. https://(wublock123.com)/news/sec-updates-crypto-asset-faq-token-repurchase-not-investment-contract-69150