SEC Opens Door for DePIN Tokens with DoubleZero Ruling

Digital Asset Regulation | Oct 1, 2025 DoubleZero Ruling Letter Clarifies How Functional DePIN Tokens May Fall Outside Securities Law On September 29, 2025, the U.S. Securities and Exchange Commission (SEC, Corporate Finance Division) issued a no action letter for DoubleZero that addresses how decentralized physical infrastructure networks (DePIN) should be treated under securities law.

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