The U.S. Securities and Exchange Commission (SEC) has granted a no-action letter to Solana-based DePIN project Fuse, allowing it to distribute its FUSE token with regulatory protection. This decision marks a significant shift in the SEC's approach to cryptocurrency regulation, as it permits Fuse to reward network participants while limiting speculative use. The SEC's Corporate Finance Division confirmed it would not recommend enforcement actions against Fuse. This development follows a similar no-action letter issued to DoubleZero earlier this year, indicating a more stable regulatory environment for DePIN projects. Legal experts view this as part of a broader effort to provide regulatory clarity in the crypto industry.