SEC Clarifies Token Utility Amid AlphaPepe's Live AI DEX Test

The SEC has clarified its stance on token utility in cryptocurrency assets, distinguishing between describing current uses and promising future work. The staff views emphasize that promoting a system's current uses does not necessarily amount to a promise of essential managerial work.

AlphaPepe is putting this clarification into practice with its live AI DEX, AlphaSwap Early Access, which is available on Ethereum and BNB Chain before ALPE has listed on an exchange. This means buyers can test the trading interface now rather than relying on a price chart that does not yet exist.

The current presale price for ALPE is in Stage 20 at $0.03111. Once this stage fills, the next presale tier costs more for the same base token allocation. The listing price starts from $0.08, though open trading will set a market price.