SEC Greenlights 2Z Token With Rare No-Action Letter — Is DePIN Finally Regulated?
The U.S. Securities and Exchange Commission (SEC) has issued a No-Action Letter to DoubleZero, confirming that programmatic transfers of its 2Z token is not going to be handled as securities transactions. The letter, dated September 29, represents the primary public acknowledgment by the SEC {that a} token tied to blockchain-based Decentralized Physical Infrastructure Networks (DePIN)…
