The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement.
The no-action letter was sent to Solana DePIN project Fuse, which issues a network token FUSE as a reward to those actively maintaining the network and isn’t sold to the public.
Fuse initially submitted a letter to the SEC’s Division of Corporation Finance on Nov. 19, asking…
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