🇺🇸 JUST IN: The SEC issues a no-action letter to Solana-based dePIN project, Fuse Crypto, stating its token isn't a security due to utility-based value, not profit expectations.

🇺🇸 JUST IN: The SEC issues a no-action letter to Solana-based dePIN project, Fuse Crypto, stating its token isn't a security due to utility-based value, not profit expectations.

— Cointelegraph (@Cointelegraph) Nov 25, 2025