Derived from PANews, the U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to Fuse Energy regarding the Energy Dollar (ENERGY) token. ENERGY is the native utility token of The Energy Network, a project built on the Solana blockchain. The SEC stated that, based on the facts presented, it would not recommend enforcement action if Fuse Energy issues and sells the token without registering under Section 5 of the Securities Act or registering the token as an equity security under Section 12(g) of the Exchange Act, as outlined in the firm's legal opinion. The project's whitepaper was also released on the same day.
U.S. SEC Issues No-Action Letter for ENERGY Token by Fuse Energy
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