Fuse Crypto received a no‑action letter from the SEC allowing it to offer and sell its ENERGY token without registering it as a security. The token, designed as a utility asset, provides real-world benefits such as energy bill discounts, priority access for home electrification upgrades, and carbon offset programs.
ENERGY is distributed through the Fuse Energy app when users complete tasks that support the power grid, such as reducing energy use during peak hours or generating solar power at home. The SEC emphasized that holders do not expect profits from managerial efforts and that the token does not grant dividends, ownership, or voting rights.
The DePIN sector, which Fuse belongs to, reached a valuation of $24.4 billion. The company noted that the decision resulted from detailed discussions with the SEC. Additionally, the SEC’s Crypto Task Force is preparing a roundtable in December focused on privacy and financial oversight in crypto markets.
Source: https://x.com/EleanorTerrett/status/1993068090708406601
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