SEC’s No-Action Letter for DoubleZero: A Breakthrough for Bittensor and DePIN
On September 29, 2025, the SEC issued a no-action letter to DoubleZero, a decentralized physical infrastructure network (DePIN) focused on internet connectivity. The letter confirms that the SEC will not pursue enforcement against DoubleZero’s token transfers, provided they are tied to actual network use and not promoted as investments. This marks the first no-action relief…