The US Securities and Exchange Commission (SEC) updated its policies on how securities laws will apply to “certain types of crypto assets and certain transactions involving crypto assets,” following a similar move by the country’s federal commodities regulator last week.

In a Friday update to the SEC’s frequently asked questions issued in March, the agency said that the latest interpretation of its rules on crypto was non-binding, had “no legal force or effect, [did] not alter or amend applicable law, and [did] not create any new or additional obligations for any person.” The FAQs would apply to how the SEC considers digital asset products falling under the Howey test for investment contracts. 

According to the SEC, token issuers could conduct buyback programs for customers provided “a crypto system is functional and has no central party” that would not necessarily qualify as “a representation or promise to undertake essential managerial efforts,” i.e., not an investment contract under federal securities laws. 

The regulator issued similar guidance for crypto networks, saying that a system that was “functional, services to secure, maintain, improve, or enhance such a system or its functionality, or to facilitate network effects” would not necessarily satisfy the agency’s Howey test. Staking receipt tokens, similarly, would not always classify as securities, according to the agency.

Related: Crypto PAC spends $11M to oppose Sherrod Brown in Ohio

The SEC updates followed a similar move by the US Commodity Futures Trading Commission (CFTC), which offered guidance to token issuers. Both agencies released the staff answers days after the Senate failed to pass a crypto market structure bill that many had expected to clarify the roles the two financial regulators would have over digital assets. SEC Chair Paul Atkins and CFTC Chair Michael Selig issued statements signaling that the agencies would address crypto regulation in the absence of laws passed by Congress.

SEC commissioner leaving agency this week

After serving at the SEC for eight years, Commissioner Hester Peirce announced on Friday that she planned to resign on Oct. 2. The official, known as “Crypto Mom” by many in the industry for her advocacy of policies favorable to digital assets, is expected to join the law school of Regent University in Virginia as an associate professor in November.

With Peirce’s departure, the leadership of the financial agency will come down to Atkins and Commissioner Mark Uyeda. Both are Republican commissioners on a bipartisan panel that normally consists of five members. As of Monday, US President Donald Trump had not announced any potential replacements for Peirce or the two remaining Democratic SEC seats.

Magazine: Winners and losers of the SEC’s new tokenized stocks rules

Arizona Diamondbacks right-hander Corbin Burnes will not have surgery on his shoulder, he told reporters at Chase Field on Monday.

Burnes landed on the 15-day IL with right shoulder inflammation just days prior, which ended what little was left of his 2026 season at the time.

The injury was not unconcerning. Burnes had spent most of 2026 rehabbing Tommy John surgery, but also suffered a Teres Major strain (also to his right shoulder) while working his way back. That forced him to sit out until September, in which he made three mostly ineffective starts.

But according to Burnes, this current injury is not related to the Teres Major strain nor the elbow surgery. It will not require a procedure.

Diamondbacks’ Corbin Burnes on his shoulder injury

“The Teres is completely healed,” Burnes said. “Basically [the new injury is] presenting itself as kind of like an overuse. Inflammation, no real new injury. Basically just some chronic inflammation and stuff that kind of builds up.”

Burnes had displayed a significant reduction in velocity on his trademark cutter in his fina start against the New York Yankees, in which he gave up three home runs.

The cutter was already in the low 90s after generally sitting upper-mid-90s, but it began to dip even further, down below 90 MPH in that outing.

After that start, Burnes could not get a feel for his stuff in his subsequent bullpen session. It wasn’t so much pain as it was that his pitches simply weren’t coming out right.

“Everything in the body was working fine. … The missing piece was that the shoulder was just not moving quick,” he said. “I guess the best way to explain it was the body was moving at 100 percent. The arm was moving at about 75 percent.

“Basically it was the shoulder was telling me it’s tired and we need to quit doing this for a while. So basically no new injury, no new tear. Just kind of some overuse inflammation type stuff that just needs time to calm down.”

“Unortunately it came at a time where I kind of needed to be out there helping the team the best I could. But I couldn’t go out there and continue what I was doing at that moment.”

Burnes said he has consulted with famous surgeons Dr. Neal ElAttrache and Dr. Keith Meister, both of whom are known for performing arm surgery for pitchers. His imaging revealed only inflammation.

The right-hander will not have to ugo through a rehab program. He plans to have a normal offseason — something he was not afforded by his elbow surgery post-2025.

Burnes will have plenty of time to rest and ramp back up. The Diamondbacks, with their Sunday elimination, will be watching the postseason from afar, again.

Drishyam: The Conclusion (Drishyam 3), starring Ajay Devgn, Shriya Saran, Tabu, Jaideep Ahlawat, Prakash Raj, Rajat Kapoor, Ishita Dutta, and others, is gearing up for a big-screen release very soon. The family thriller, directed by Abhishek Pathak, is witnessing superb pre-sales at the ticket window. 

As of 11 PM (Monday, September 28), Drishyam 3 sold around 76,000 tickets at the top two national chains, PVR INOX and Cinepolis, for the opening day. Of these, around 60,000 admissions were recorded for PVR INOX alone, while Cinepolis sold nearly 16,000 tickets so far. 

The Ajay Devgn film is expected to see a massive surge in its sales in the final stretch. It is looking to smash one of the biggest advances of this year in the national chains. Furthermore, the national holiday on October 2nd will give it an added benefit. 

Drishyam 3 is currently forecasted to collect Rs. 50–60 crore nett at Pinkvilla Predicts, with a pinpoint forecast of Rs. 55 crore nett. An update will be made on Tuesday. If the advance momentum strengthens further, there is a possibility of an upward revision to the forecast. The film is also seeing strong advances overseas, where it is likely to achieve its best performance ever for an Ajay Devgn film.

DISCLAIMER: The box office figures, opening-day forecasts, and lifetime collection projections mentioned in this article are subjective trade estimates compiled from various commercial parameters, advance trends, and market sentiment. These are purely analytical tracking figures and do not constitute actual, finalised collections or certified accounting statements. Pinkvilla does not make any representation or warranty, express or implied, regarding the pinpoint accuracy or completeness of these projections. No statement in this article is intended to defame, harm, or malign any individual, production house, artist, or commercial entity involved in the making of the film.

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