- The US Securities and Stock Exchange Commission issued a letter without taking a measure of the Doublezero project on Monday, noting that the distinctive symbol 2Z does not require registration under the laws of securities.
- SEC highlights its restrictions in the regulation of stock markets, not all economic activities.
- The DePin sector trading increased by 43 % in the past 24 hours.
The decentralized physical infrastructure network (DePin) has witnessed 43 % increase in trading volume over the past 24 hours, after the issuance of a non -procedure speech by the US Securities and Stock Exchange Committee (SEC) on Monday to Definzero, DePin Project.
The United States SEC issues a letter without taking a 2Z icon from Deeblezero
Doublezero, a DePin project that focuses on improving the transfer of information between the Blockchain contract via optical fiber networks, has secured a letter of non -SEC action on Monday, as the corporate financing department advised non -enforcement procedures.
SEC support from the software transfers on Doublezero, which is not subject to Article 5 of the Securities Law, and the 2Z code is not safe from the shares category under Article 12 (G) of the exchange law.
In an additional statement of the message, SEC explains that DePin projects distribute distinctive symbols based on the activity of the user or shareholder in the network, instead of selling or distributing distinctive symbols to investors looking for investment returns with the development of an additional network. This is a major feature that helps Depin Tokens exceed the Howwey test, which was circulated in the encryption community during the legal Battle of Ripple against SEC.
Moreover, the positive organizational environment can enhance the investments of potential companies in DePin projects.
After issuing a non -movement letter, Doublezero announced that its distinctive symbol will be available on the Binance Portfolio on Thursday.
With the light of the green papers and the stock exchange committee for the project, the trading volume of DePin symbols increased by 43 % in the past 24 hours, which may indicate an increase in the interest of merchants. On the other hand, the maximum market is still fixed at $ 14.64 billion during the same period.
I rely on history. Source: Dentscan.
Verify the validity of the audio level, COINGLASS data reveals that trading sizes in BitTensor (TAO), online computer (ICP), and Pilecoin (Fil) have increased by 24 %, 20 %, and 31 % in the past 24 hours, respectively.
DEPIN derivative data. Source: Coinglass
Release responsibility: for information purposes only. The past performance does not indicate future results.
