Corporate Finance Department of the US Securities and Stock Exchange Commission (SEC), Doublezero 2Z Coin distribution of the department project, no-action, that is not to impose sanctions gave a written opinion. Announced late on Monday according to the decision of the decision If the Altcoin transfers are carried out as Doublezero’s presented, SEC will not recommend any sanctions. Decision altcoinIt does not require its record as a securities class within the scope of the Stock Exchange Law of the Stock Exchange of Securities.
SEC’s Doublezero Decision
SelectionIn a statement, the decision was based on the information presented by Doublezero’s lawyers. The regulatory institution stressed that a new assessment can be made if different conditions arise. It was also stated that the decision taken only reflects the implementation approach of the SEC and did not have a definite legal quality.
Member Hester Peirce By making an assessment on the subject, it was established to control all the economic activities of the SEC, not only the securities markets. reminded. Peirce said that departing projects direct participants to provide infrastructure services such as storage, bandwidth or energy and that such coin awards are elements that encourage infrastructure development.
Peirce also used in different fields coin‘s will not be included in the scope of the securities contract directly, technology -oriented projects should be evaluated with the functions in the market, he said.
Doublezero’s roadmap
Doublezero is known as a high -performance network that aims to provide faster and direct orientation to Blockchain Node operators by collecting unused special fiber connections. The company announced that this decision, which took a four -month examination, is an important turning point for the crypto currency industry in the US.
Doublezero Foundationthat the decision provides regulatory clarity not only for themselves but also for projects operating in the sector in general. stated. Founder Austin FederaThe recognition of the functional structure of 2z Coin has opened space for innovative initiatives in the United States.
The main network beta version of the project is expected to be commissioned this week. The foundation, which collected 28 million dollars in the investment round led by Multicoin Capital and Dragonfly Capital in March, said that the legal clarity of the decision will accelerate its growth plans.
SEC’s decision can pave the way for the departing projects
According to experts, SEC’s decision for Doublezero’s 2z Coin is not limited to the project. Particularly positive for the overall of the warehouse market, especially Bittensor, Internet Computer, Render, Filecoin, Theta Network, Aethir. However, it would not be wrong to say that the decision is positive for the general crypto money market. Because the regulatory institution shows that the crypto currency projects will not be randomly interpreted as before the Trump administration.
