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U.S. SEC Confirms Fuse’s ENERGY Token Not a Security

The regulator’s no-action letter offers a compliance precedent for DePIN projects using similar issuance structures.

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Terms & Concepts
  • SEC (U.S. Securities and Exchange Commission): The primary federal regulator overseeing securities markets in the United States.
  • No-action letter: An official statement from a regulator indicating it will not take enforcement action against a proposed activity.
  • DePIN (Decentralized Physical Infrastructure Networks): Blockchain-powered networks that coordinate and incentivize deployment of physical infrastructure.