SEC’s DoubleZero No-Action Letter: A Potential Turning Point for Decentralized Infrastructure Networks
In a significant development that may reshape the regulatory landscape for decentralized physical infrastructure networks (DePIN), the Securities and Exchange Commission’s Division of Corporation Finance issued a groundbreaking no-action letter to DoubleZero Foundation on September 29, 2025. This decision represents one of the most comprehensive analyses of cryptocurrency token distributions under federal securities laws in …