SEC Grants DoubleZero Clearance, Clarifying Rules for Blockchain Projects

The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to the blockchain startup DoubleZero, providing greater clarity for decentralized projects. This move illustrates a more accommodating stance by the SEC towards blockchain ventures that do not align with traditional regulatory frameworks. The decision is noteworthy in the context of the SEC’s evolving approach to crypto regulations, aiming to strike a balance between innovation and compliance.