Citing BitcoinWorld, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter to Fuse Energy, stating that its Solana-based token does not qualify as a security. The decision emphasizes that the token’s value derives from its utility within a decentralized energy grid rather than speculative investment. This ruling sets a regulatory precedent for utility tokens on Solana and other blockchains, offering clarity for projects with real-world use cases.
SEC Grants No-Action Relief for Solana-Based Fuse Energy Token
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