The US Securities and Exchange Commission has provided formal no-action relief to the Solana-based project Fuse, shielding its FUSE token from potential enforcement action.
The assurance means the SEC’s Division of Corporation Finance will not recommend a case against Fuse if it offers and sells the tokens as described in its request.
Fuse successfully argued that the FUSE token functions strictly as a user reward for maintaining its physical infrastructure network and is only redeemable via third-party venues.
The approval, formalized in a letter from deputy chief counsel Jonathan Ingram, marks the second time the SEC has granted such relief to a DePIN project, following a similar decision for Double Zero in August.
