Token buybacks have made a comeback in 2025, following a period of stagnation due to regulatory pressures from the U.S. SEC in 2022. According to Tiger Research, projects like Hyperliquid and Uniswap have resumed buybacks, capitalizing on regulatory shifts such as the SEC's 'Crypto Asset' framework and the Clarity Act. These changes have allowed for compliant buyback structures by focusing on decentralization and the token lifecycle. Uniswap's 2025 proposal exemplifies this trend by implementing automated buybacks and token destruction, which avoids direct profit-sharing with token holders. This approach aligns with the SEC's new regulatory expectations, facilitating a resurgence in buyback activities across the crypto industry.