In a major development of the encrypted currency industry, the American Securities and Stock Exchange Committee gave a 2Z symbol of Douintzero, which is distributed as a functional reward for participants in the decentralized infrastructure network, from the category of securities.
This historic decision has been announced through a letter that is not taken by the first of the CEC’s financing department.
The message was Release On September 29 it was stated that the agency will not recommend enforcement procedures against Doublezero for the program distribution of its 2Z code, provided that the distributions are followed by the structure stipulated in the company’s legal submission.
More importantly, he stressed that 2Z does not need registration as guarantee under the Securities Law or the exchange law.
This step is seen by many in the encryption community as a rare moment of clarity from the SEC, where it emerges how the Supreme Education Council, which was previously criticized for its first approach, has been criticized, and has turned into its position on cryptocurrencies and how it could approach the symbols that were built for the benefit of the investment adaptation.
For years, start -up companies struggled with uncertainty whether the distinctive symbols may lead to securities laws, and today’s decision determines a previous one that can affect how the committee evaluates other job symbols.
Industry analysts say the decision sends a strong indication that SEC has begun to distinguish between investment contracts and symbols that serve a purpose within the decentralized protocols.
It is also expected that the Blockchain -based infrastructure projects, especially those found in the emerging DePin sector that depend on symbolic incentives to coordinate material resources such as the frequency range, storage or communication, will benefit from additional organizational clarity and you may now feel more confident in moving forward in launching its products.
Why did the Supreme Education Council 2Z exempt from the Supreme Education Council 2Z?
Doublezero, a Decentralized material infrastructure projectIt has argued that its 2Z symbol was not intended as an investment car, but instead it is a network reward.
According to the company’s legal submission, 2Z is distributed in two ways: first, to network providers who provide a high -speed connection, and secondly, for resource providers who make the accounts necessary to determine the payment amounts.
These code, as Doublezero claims, is crucial to running the protocol and not forming securities.
It seems that the speech not to take action in the Supreme Education Council is consistent with this interpretation, especially since the committee has granted the request before the Doublezero network is directly.
One of the reasons why the distinctive symbol 2Z is outside the scope of the stock law is that it does not represent a share in the company, and is not marketed with promises of profit.
Commissioner Hester Pearce Described DePin symbols “job incentives” that support the growth of decentralized services networks and warned that a sign of symbols such as securities would suffocate innovation in infrastructure development and discourage participants from contributing resources to decentralized ecosystems.
“When the value of the distinctive symbol comes from the work of other participants in the network, how do you simply apply,” said General Adviser Doublezero Mary Tomonin in a delay. Blog post Announcing the non -movement discourse.
SEC focus on encryption
Through the supportive leadership of the Krbuto, on top of it, the Securities and Stock Exchange Commission was accelerating its efforts to update its approach to the encryption markets.
The Chairman of the Board Paul Attins has taken a significantly open position on digital assets compared to his predecessor.
In a recent television interview, Atkins said that the agency was actively working with the commodity futures trading committee to create a more specific organizational structure for encryption assets.
An exemption from innovation is also expected to be provided by the end of the year, which will allow encryption projects to work as limited without immediately to comply with full securities.
Earlier this month, the committee to update Its general listing standards for commodity boxes, which allows the investment funds circulating in Spot Crypto to overcome the timelines for long approval.
Next, delay notifications pulled over more than ten ETF encryption files, including those associated with Solana, XRP, Litecoin and Cardano.
Pamphlet The SEC dent Depin 2z scanned from the rules First appear on there
