SEC Provides DePIN Guidance: $24B Industry Receives Regulatory Framework
- SEC grants no-action letter to Solana-based DePIN project Fuse, confirming FUSE token as utility token, not a security. - Legal clarity aligns with non-security classification under Howey Test, marking second such approval for DePIN sector in 2025. - Regulatory shift under Chair Atkins signals measured crypto oversight, boosting compliance roadmap for $24B DePIN industry. - FUSE token's green energy focus and market rebound highlight potential for sustainable infrastructure innovation under clear regulat
The U.S. Securities and Exchange Commission
The no-action letter from the SEC, signed by deputy chief counsel Jonathan Ingram,
This marks the second no-action letter for a DePIN project in recent months,
This decision has far-reaching consequences for the DePIN sector, which utilizes blockchain to motivate contributions to real-world infrastructure. With the sector’s market capitalization surpassing $24 billion, it has
The SEC’s ruling has been met with optimism in the market. After falling from a peak of $2.13 in 2022 to about $0.0077, the FUSE token
Although the no-action letter does not create binding legal precedent, it marks a pivotal move toward aligning crypto innovation with regulatory standards. The SEC’s recent steps—
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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