SEC Grants Rare No-Action Relief to Fuse Crypto for Energy Token
The SEC has delivered a regulatory win to Fuse crypto Limited, issuing a no-action letter that allows its energy-rewards token to operate without securities registration. The November 24 decision marks a notable shift in the agency’s posture toward blockchain projects under the Trump administration.
Fuse’s exemption hinges on strict adherence to its submitted framework—the SEC emphasized its relief applies solely to the company’s specific use case. Division of Corporation Finance official Jonathan A. Ingram clarified the token won’t face enforcement if it avoids registration under Section 5 of the 1933 Securities Act and sidesteps equity classification under the 1934 Exchange Act.
This follows similar relief granted to DoubleZero, signaling the SEC’s evolving approach to crypto assets. Market observers note the decision could incentivize more energy-focused blockchain initiatives to engage with regulators.
