Airdrops N Token Trading Vibes 👀
First up they want the SEC to straight up confirm in the final rule that airdrop recipients getting tokens for free didn’t drop any money on them. Users might snag tokens from using networks, running validators or providing liquidity and those moves shouldn’t auto turn it into an investment contract fr. They also need the SEC to clear that basic stuff like wallet connects or sanctions checks don’t count as payment for tokens. On secondary trading the group says the SEC must spell out exactly how these exempt tokens can trade and if on chain protocols or intermediaries can handle it without needing agency registration 🌙Safe Harbor, Buybacks N Federal Shields 🔥
The safe harbor part has certification requirements that could trap projects in a weird spot. Some devs might not certify finishing their core work without implying the tokens were securities all along. HPC wants the safe harbor usable without that admission and protection extended to projects still building their networks 🦇 For token buybacks they push a consistent issuer definition across the rule while folding in staff guidance and separating auto buybacks from case by case ones. Last they want federal protections to stick around even after hitting safe harbor status. Right now those protections would vanish and leave tokens exposed to registration rules in over 50 different spots 💅 The whole thing keeps crypto flowing without unnecessary drama tho ✨Just another echo from the void by iconofsin.eth 💖
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