Fuse Crypto Receives SEC No-Action Letter for Solana-Based ENERGY Token
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- The SEC issued a no-action letter to Fuse Crypto, a Depin project on Solana.
- Fuse can offer its Solana-based ENERGY token without registering it as a security.
- ENERGY tokens provide real-world benefits such as energy bill discounts and carbon-offset perks.
On November 24, the US Securities and Exchange Commission (SEC) issued a formal no-action letter to Fuse Crypto Limited, the company behind the Solana-based Fuse Energy project.
The SEC assured Fuse that it will not recommend enforcement against it for offering and selling its native ENERGY token under the conditions described in its submission via the no-action letter.
The statement allows Fuse to proceed without registering the token as a security under Section 5 of the Securities Act or as a class of equity securities under Section 12(g) of the Exchange Act. This is a major win for the broader DePIN sector,…
Read The Full Article Fuse Crypto Receives SEC No-Action Letter for Solana-Based ENERGY Token On Coin Edition.
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