DePIN is critical area for the future and it's awesome seeing the @SECGov being thoughtful about it
Providing tokens as payment for services rendered in an infra network like this should not be considered a securities transaction and it's great to SEC reach that conclusion

Mike Selig
@MikeSeligEsq
09-30
SEC’s Division of Corporation Finance today issued a no-action letter to DoubleZero that addresses DePIN token distributions. https://sec.gov/rules-regulations/no-action-interpretive-exemptive-letters/division-corporation-finance-no-action/doublezero-092925…
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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