The US SEC has issued a letter to DoubleZero confirming that the 2Z token does not need to be registered as an equity security.
ChainCatcher news, DoubleZero announced on the X platform that the U.S. Securities and Exchange Commission (SEC) has issued a no-action letter regarding 2Z to DoubleZero. This document means that 2Z does not need to be registered as a type of "equity security," and the programmatic liquidity of 2Z on the DoubleZero network does not constitute securities trading.
The no-action letter means that the SEC's Division of Corporation Finance has reviewed the programmatic distribution and operation method of the 2Z token and concluded: "Based on the facts presented, the Division will not recommend enforcement action to the Commission." For the DoubleZero project and its stakeholders, this letter means that the SEC will not recommend enforcement action regarding the liquidity of the 2Z token within the DoubleZero network.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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