The post DoubleZero Receives No-Action Letter for its Token from SEC appeared on BitcoinEthereumNews.com.

Key Highlights U.S. SEC has issued a “No-Action Letter” to DoubleZero for its token ‘2Z’ The letter means that the SEC will not go for enforcement action, and the project does not have to register as a class of “equity securities.” This decision shows a positive U.S. regulatory environment that could encourage more infrastructure and utility-based  The Securities and Exchange Commission (SEC), a major U.S. financial regulator, has given a major project a green light, declaring that its digital token is not a security.  (Source: sec.gov) The project, called DoubleZero, received a “No-Action Letter” from the Securities and Exchange Commission (SEC). This letter is a big achievement for the project.  In a thread on X, DoubleZero explained that, “A No-Action Letter means that the @SECGov’s Division of Corporation Finance has reviewed how the programmatic distributions of the 2Z token work and concluded that: Based on the facts presented, the Division will not recommend enforcement action to the Commission.” Proud to share that the @SECGov has issued @DoubleZero a No-Action Letter for 2Z. 🦅🇺🇸 The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are… pic.twitter.com/gSgiN6tpQj — DoubleZero IBRL/acc (@doublezero) September 29, 2025 This green signal can provide much-needed clarity and could open the door for a new wave of utility-based crypto projects. This decision is a big deal because for years, crypto companies have operated in a gray area with uncertainty, never sure if their tokens would be considered illegal securities by the SEC. This ruling provides a clear example of what a legal, utility-focused token looks like. What is DoubleZero? DoubleZero is a project designed to enhance blockchain communication efficiency by establishing a global network that uses underutilized subsea…

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Filed under: News - @ September 29, 2025 11:25 pm