Megatel Homes Launches SEC-Approved Crypto Rewards for Homebuyers

• MegPrime is intended as a functional token for payments and rewards.
• Rewards may include rebates, discounted gift cards, and housing-related benefits.
• Megatel Homes will start issuing MegPrime tokens in the coming ‍weeks.

Megatel Homes, a privately-owned Texas home construction company, has announced it got the green light from the SEC via a no-action letter, allowing it to launch a crypto-based rewards and payments program using a token called MegPrime.

A no-action letter is different from official asset approval. It means the SEC has signaled it won’t take action against the program as long as Megatel follows its own rules, which is a notable sign of regulatory flexibility in an otherwise strict environment.

As for MegPrime itself, it’s intended to be a functional token for payments and rewards, not an investment or stock-like security. Users earn rewards in…

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