SEC Grants 'Rare' No-Action Letter to Solana DePIN Project Fuse

The U.S. Securities and Exchange Commission (SEC) has issued a significant "no-action letter" to Fuse Crypto's FUSE token, a decentralized physical infrastructure network (DePIN) project on Solana. This rare decision exempts the FUSE token from being classified as a security under specific conditions, marking a potential shift in the SEC's approach to utility-focused crypto projects.