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SEC clears DePIN tokens as ‘fundamentally’ outside jurisdiction

The US Securities and Exchange Commission (SEC) has indicated it will not pursue enforcement against tokens linked to Decentralized Physical Infrastructure Networks (DePIN). A no-action letter from SEC’s Michael Seaman confirmed that the planned token launch of DoubleZero would not require registration as securities. SEC Commissioner Hester Peirce emphasized that DePIN projects differ fundamentally from capital-raising transactions that the SEC regulates. DoubleZero’s 2Z token operates on a protocol that facilitates access to underutilized private fiber links, compensating network participants for their contributions rather than acting as an investment vehicle. This clarity signifies a collaborative effort between US founders and regulators in creating a framework for innovation. Peirce noted that treating DePIN tokens as securities could hinder the growth of these networks, highlighting that such tokens serve as functional incentives rather than shares in a company. As a result, DePIN tokens have not notably reacted to the SEC’s decision, with related tokens experiencing a slight dip in the market recently.

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Keel Debuts as Sky's Solana-Focused 'Star' With a $2.5B Roadmap to Boost RWAs and DeFi

Keel, a new protocol on Solana, has launched with a plan to invest up to $2.5 billion into decentralized finance (DeFi) and real-world asset (RWA) markets. This initiative is part of the Sky ecosystem, which was previously known as MakerDAO. Keel will utilize reserves from Sky’s USDS stablecoin

Ripple Chief Legal Officer Stuart Alderoty Says U.S. Congress Must End Crypto Uncertainty

Ripple Chief Legal Officer Stuart Alderoty has emphasized the urgent need for comprehensive cryptocurrency regulations from Congress, stating that clarity is essential for American consumers and businesses. In his recent commentary, Alderoty highlighted that a significant segment of the U.S. population uses cryptocurrency and desires stronger protections, referencing surveys

SEC Willing to Engage with Tokenized Asset Issuers, SEC’s Hester Peirce Says

SEC Commissioner Hester Peirce stated at the Digital Assets Summit in Singapore that the SEC is open to working with industry participants on tokenizing securities. She emphasized the complexity of how these tokenized assets interact with traditional securities. Peirce noted that tokenized securities represent ownership in underlying assets through blockchain-based

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