The U.S. Securities and Exchange Commission (SEC) has issued a rare No-Action Letter to DoubleZero for its 2Z token, confirming that programmatic transfers of the token do not constitute securities transactions. This marks the first time the SEC has publicly acknowledged that tokens linked to Decentralized Physical Infrastructure Networks (DePIN) can be distributed without registration under securities laws. The decision underscores the SEC's intention to limit regulatory reach to tokens that clearly meet the securities definition, emphasizing 2Z’s role in value transfer and network incentives rather than equity ownership. Industry leaders view this as a breakthrough for blockchain infrastructure projects, encouraging innovation and regulatory clarity in the U.S. crypto space.
Continue to read SEC Grants Landmark No-Action Letter for 2Z Token, Paving the Way for Regulated DePIN Networks
The U.S. Securities and Exchange Commission (SEC) has issued a rare No-Action Letter to DoubleZero for its 2Z token, confirming that programmatic transfers of the token do not constitute securities transactions. This marks the first time the SEC has publicly acknowledged that tokens linked to Decentralized Physical Infrastructure Networks (DePIN) can be distributed without registration under securities laws. The decision underscores the SEC's intention to limit regulatory reach to tokens that clearly meet the securities definition, emphasizing 2Z’s role in value transfer and network incentives rather than equity ownership. Industry leaders view this as a breakthrough for blockchain infrastructure projects, encouraging innovation and regulatory clarity in the U.S. crypto space.
Continue to read SEC Grants Landmark No-Action Letter for 2Z Token, Paving the Way for Regulated DePIN Networks
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