SEC Clears Fuse’s Token Sales in Landmark No-Action Decision
The US Securities and Exchange Commission (SEC) has issued a no-action letter to Fuse, a Solana-based decentralised physical infrastructure (DePIN) project. This decision confirms the regulator will not pursue enforcement against the company’s FUSE token sales. The move follows a formal request from Fuse seeking clarity on its compliance with securities laws.
Fuse had asked the SEC for official confirmation that its token activities would not face regulatory action. The company’s letter outlined that FUSE tokens serve network utility and consumptive purposes rather than speculative trading. It also clarified that token redemptions occur at an average market price through third-party platforms.
The no-action letter allows Fuse to proceed with its token sales without fear of enforcement, provided it adheres to the outlined terms. This decision adds to a growing pattern of regulatory clarity for crypto projects under the SEC’s current leadership. The move is expected to encourage further compliance-focused innovation within the sector.
Read also:
- American teenagers taking up farming roles previously filled by immigrants, a concept revisited from 1965's labor market shift.
- Weekly affairs in the German Federal Parliament (Bundestag)
- Landslide claims seven lives, injures six individuals while they work to restore a water channel in the northern region of Pakistan
- Escalating conflict in Sudan has prompted the United Nations to announce a critical gender crisis, highlighting the disproportionate impact of the ongoing violence on women and girls.
