This confirms the SEC guidance is accurate. Here's the rewrite:
The new SEC note on buybacks matters for INJ more than another listing headline.
Washington said a token buyback on a live, functioning network does not automatically turn that token into a security.
@injective has been doing this since 2021. Over 7 million INJ have been bought and burned from real onchain revenue. The monthly cycle is public. Anyone can check it.
That's the part most people skip. A burn is not a marketing stunt if fees from actual usage are paying for it. More usage creates more revenue.
Revenue buys
$INJ. Those tokens leave supply for good. Stakers and buyback participants can still earn INJ, USDC, and now stock tokens from the same loop.
After Meridian, MiCA and the transfer agent step, this is the US policy piece that lines up with the token design Injective already runs.
Does this change how you read Injective's regulatory position or does it just confirm what was already obvious?