SEC Grants DoubleZero’s 2Z Token No-Action Letter, Boosting Crypto Confidence

The U.S. Securities and Exchange Commission has issued a No-Action Letter for DoubleZero’s 2Z token, confirming it does not qualify as a security. The decision marks a pivotal moment for the project, which aims to enhance blockchain communication efficiency through a global network leveraging underutilized fiber optic cables.

Crypto analysts view the SEC’s MOVE as a watershed for the industry, providing long-awaited clarity on utility tokens. The ruling sets a precedent for legal, functionality-driven digital assets, alleviating years of regulatory uncertainty for blockchain firms.

DoubleZero’s approval signals growing institutional recognition of cryptocurrency’s utility beyond speculative trading. The 2Z token will power the project’s infrastructure network, demonstrating tangible use cases for blockchain technology.