The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter for the first time in years, confirming that the upcoming $2Z token from @doublezero is not a security.
This could herald a spring for blockchain infrastructure token issuance.
This project, which has raised 28 million, has finally made progress!
Proud to share that the @SECGov has issued @DoubleZero a No-Action Letter for 2Z. 🦅🇺🇸
The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are not securities transactions.
This represents four months of constructive engagement with the SEC to establish a clear framework for compliant token launches in America, and a landmark moment for the crypto industry. ↓
@doublezero Although I've been paying attention for a long time, it seems there isn't much room for retail investors to participate besides staking.
Let's wait and see what happens next!
@doublezero DoubleZero announced that its mainnet will go live on October 2nd, and the 2Z token will be deployed.
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