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SEC NO-ACTION LETTER JUST SENT A SIGNAL TO UTILITY TOKEN BUILDERS.
Today’s Fuse Crypto news isn’t just about one #Solana project - it’s a roadmap moment.
In a November 24, 2025 letter, the SEC staff said it would NOT recommend enforcement if Fuse sells its token without registering it as a security, so long as it’s used as described: powering decentralized access and payments for an energy grid network.
The logic is crucial: value comes from using the network, not from relying on a promoter to pump token price.
If this interpretation holds, genuinely utilitarian tokens - especially in DePIN and infrastructure - may have fewer regulatory headwinds than many feared.