Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

The SEC issued a no-action letter for Fuse Crypto Limited's FUSE Token.

robot
Abstract generation in progress

According to a TechFlow report on November 25, The Block reports that the U.S. Securities and Exchange Commission (SEC) today issued a No-Action Letter to Fuse Energy regarding the Energy Dollar (ENERGY) token.

The token is used to reward customers for participating in power sustainability projects. Last week, this energy technology startup requested the SEC to confirm that the FUSE token is not classified as a security. Fuse operates electric power business in the United States, installing electric vehicle chargers, rooftop solar panels, and other green technology equipment. The company uses blockchain technology to help “alleviate grid congestion,” allowing customers to earn FUSE tokens by installing rooftop equipment. Fuse believes its token should not be viewed as a security since it is not an investment contract, and consumers earn tokens for their own consumption rather than based on a reasonable expectation of profit.

FUSE-1%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)