US SEC Issues No-Action Letter to Fuse Crypto Limited

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to Fuse Crypto Limited, granting the company an exemption regarding matters related to the FUSE token. This token is designed to reward users participating in electricity sustainability programs. Previously, decentralized network infrastructure layer DoubleZero tweeted that the SEC had issued a no-action letter for the DoubleZero 2Z token. This document means that 2Z does not need to be registered as an "equity security," and the programmatic liquidity of 2Z on the DoubleZero network does not constitute securities trading.