DoubleZero has announced that it received a No-Action Letter from the U.S. Securities and Exchange Commission (SEC) regarding its 2Z token. This letter indicates that, based on the facts and legal opinions submitted by DoubleZero, the programmatic distribution of 2Z within the DoubleZero network does not require registration as an equity security. Furthermore, the circulation of 2Z will not be considered a securities transaction, and the SEC will not recommend enforcement action to the commission.
DoubleZero Secures SEC No-Action Letter for 2Z Token
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