Coinbase has listed DoubleZero (2Z) following a no-action letter from the U.S. Securities and Exchange Commission (SEC), confirming the token is not classified as a security. This regulatory clarity is a significant development for the Decentralized Physical Infrastructure Networks (DePIN) sector, indicating increased institutional interest. The listing led to a 3% increase in 2Z's value and is anticipated to enhance liquidity for related DePIN tokens such as Bittensor (TAO) and Render (RNDR). SEC Commissioner Hester Peirce highlighted that 2Z tokens were distributed as compensation for services rather than as investment vehicles.