Solana DePIN Project Fuse Secures No-Action Letter From SEC

The SEC has just issued its second “no-action letter” toward a decentralized physical infrastructure network (DePIN) crypto project in recent months, giving its native token “regulatory cover” from enforcement.

The no-action letter was sent to the Solana DePIN project Fuse, which issues a network token FUSE as a reward to those actively maintaining the network.

Fuse initially submitted a letter to the SEC’s Division of Corporation Finance on Nov. 19, asking for official confirmation that it would not recommend the “SEC take enforcement…