SEC Issues Historic No-Action Letter to DoubleZero
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
SEC's No-Action Letter: The SEC has issued a no-action letter confirming that DoubleZero's 2Z token, used for incentivizing network participation, does not require registration as a security under U.S. federal laws.
DePIN Tokens and Innovation: DePIN tokens, which reward contributors for providing physical infrastructure, are distinguished from traditional investment offerings, with Commissioner Hester Peirce stating that classifying them as securities could hinder innovation in decentralized networks.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
