Here’s what happened in crypto today

Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.

Today in crypto, the SEC said it won’t police DePIN tokens, Kazakhstan launched its first state-backed crypto reserve in partnership with Binance, and Polish lawmakers passed a sweeping bill to regulate digital assets.

The US Securities and Exchange Commission issued a rare no-action letter on Monday to signal it won’t take enforcement action against tokens tied to Decentralized Physical Infrastructure Networks (DePIN).

SEC Division of Corporation Finance chief counsel Michael Seaman wrote in the letter that he “will not recommend enforcement action” to the SEC for a planned token launch by DePIN project DoubleZero, finding the token and its service don’t fall under securities laws.

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