The US Securities and Exchange Commission (SEC) has provided regulatory clarification for the Solana-based DePIN project, by issuing a “no-action letter.” This decision will likely soften the SEC’s previous stance on utility tokens, providing a safer environment for investors.
The letter from the SEC’s Division of Corporate Finance confirms that no enforcement action will be recommended against Fuse for selling its tokens. This development represents a second example in recent months where this “regulatory cover” has been expanded, potentially indicating a broader change in the perception of utility tokens.
Investors are exploring high-potential projects like DeepSnitch AI, which has already raised significant capital before its launch in January. The project offers concrete technological solutions, drawing attention to less developed alternatives such as Bitcoin Hyper.
(With inputs from agencies.)
