So is it legal or not to issue a token in the US with a recurring buyback from fees

Or do ppl just set up Foundations to circumvent this

I’ve seen a lot of folks set up entities in Singapore recently. It was also a big thing for getting into ICOs for a while. VCs with Singapore offices made a ton of money and everyone else for wrecked because so many of them used FTX.

I think nowadays you just pay trump in whatever species you like

If there’s expectation of profit from buybacks, the SEC might have thoughts.