SEC clarifies crypto governance and control in updated FAQ

Community Trust Score Likely Real 79 % Real Likely Real 29 votes Updated 49 seconds ago The SEC Division of Corporation Finance added questions 1.4, 1.5, and 1.6 to its crypto-assets FAQ on November 2, 2026. The update introduces staff answers regarding governance structures, the definition of control over participation, and the distinction between functional and decentralized networks. The new entries address how governance operates through foundations or other organizations. The staff answers specify that a foundation or association involved in broad-based governance is not automatically considered a controlling central party.