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

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.

Or do ppl just set up Foundations to circumvent this

not currently legal as described

lots of ppl speculating it will become legal with current admin / SEC

It’s too close to a security at that point. 

It’s dumb, but it’s how the law is being applied right now. Could change soon.

SEC has strict rules and doesn't allow it but speculations are they will soon

If you launch a token in the U.S. and set up recurring buybacks from fees, the SEC will probably treat it like a security That means you’re in risky territory, legally speaking.