The SEC just made it clear. Token buybacks on a functioning network do not, on their own, make a token a security.
Since Mainnet launched in 2021,
$INJ has bought back and burned over 7 million tokens, funded entirely by onchain revenue and verifiable by anyone. Most notably, it requires zero human intervention. Every buyback and burn is executed autonomously at the protocol level, every single month.
This is among the most significant guidance for onchain economies to come out of Washington. America is moving toward a framework that recognizes networks with genuine usage and transparent economics.
Our policy team has spent years in Washington educating lawmakers and regulators on how onchain economies actually work. This guidance shows that work matters.
With this regulatory clarity, Injective is about to accelerate its growth, revenue, partnerships, and institutional adoption like never before.
The future of onchain finance will be built in America. Injective will lead the way forward.