Dimine The symbols are not considered securities and therefore they are outside the SEC monitoring. This was mentioned in a letter From the organizer directed to the Doublezero project.
Michael Ciman, chief adviser to the SEC SEC division, said that the agency will not recommend taking action on the planned launch of the distinctive symbol 2Z. According to him, the currency does not require registration as security under American law.
In a statement, Doublezero team Make up Its protocol provides Blockchain systems access to “unexploited special fiber lines”, which are served by the participants in the network. These participants will receive 2Z coins.
Austin Fedira, the co -founder of the project, described SEC’s decision as evidence of the possibility of a fruitful dialogue between the organizers and encryption projects.
Today is a huge day to encrypt in America.
the Secgov The Institutional Finance Department confirmed that the original symbol of Doublezero networks does not flow to shareholders in the network is not subject to registration requirements under the Securities Law, and it has been issued … https://t.co/zefnuhdw2p
Austin Fedira (Austin_fedra) September 29, 2025
“SEC’s ruling on the distinguished code model 2Z is an important precedent not only for Defounzero. It proves that the legal framework can be found in America for symbols that not only comply with regulatory standards but also a major component of Blockchain systems that offer real benefits,” wrote.
Society’s reaction was positive to the news. The founder of Solana Anatoli Yakovinko also joined Defounzero on his organizational victory.
Jege !!!
– Toly 🇺🇸 (@aeyakovenko) September 29, 2025
Former Fox journalist Eleanor Teret male:
“In a broader context, this is the first speech without taking action that is received from the Supreme Education Council, which provides some organizational certainty regarding some models of the distinctive symbol distribution.”
Second position
Commissioner Hyster Peres separately Make up The economic nature of DePin projects is essentially different from the capital collection operations that fall under the jurisdiction of the organizer.
The symbols in this sector were described as functional incentives to reward the participants in the network, instead of shares in a company or promises to profit from the efforts of others. According to the official, such an organizational position will allow the providers “investing time in building infrastructure rather than analyzing the nuances of securities laws.”
“The Congress has created the Securities and Stock Exchange Commission to oversee the stock markets, not to regulate all economic activity,” Pierce stressed.
The Commissioner also warned that Blockchain technologies will not reach their capabilities if the organizers try to suit all kinds of activities in the current financial frameworks.
In July, the White House foot Recommendations to organize encrypted currency. Later, the Supreme Education Council Firing Project encryption initiative, which analysts in Bernstein The name “revolutionary”.
In August, the chairman of the committee, Paul Atkins Declare The beginning of developing clear rules for the coded currency industry. Later, it is also Stuck On the state of digital assets, noting that only some symbols are securities.
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