SEC No-Action Letter Clear DoubleZero DePIN Tokens
For September 30, 2025, SEC send no-action letter give DoubleZero, confirm say their 2Z tokens wey dem use for decentralized physical infrastructure network (DePIN) no be securities. The SEC no-action letter give regulatory surety for DePIN project dem, separate utility tokens from investment contracts under Howey Test. Commissioner Hester Peirce praise the clear say e bring, while co-founder Austin Federa talk say teams fit now focus on innovation, no be legal gbege. Industry people see am as policy change wey fit reduce wahala for other DePIN and blockchain infrastructural projects. Startups gats follow the letter condition dem to avoid enforcement, and traders suppose dey watch for similar SEC guidance as crypto regulation dey evolve.
Bullish
Di SEC no-action letter for DoubleZero 2Z token bring beta regulatory clarity wey dem need, e reduce legal wahala and boost trader confidence. For short term, clearer token status go fit drive demand for 2Z as investors go dey happy say enforcement risk don low. For long term, this precedent mean say dem get better way to handle DePIN and utility-token projects, e go encourage more adoption and innovation for blockchain infrastructure. Traders fit expect say market go dey more interested for similar tokens as startups go dey find SEC guidance.