The U.S. Securities and Exchange Commission (SEC) has issued a no-action letter concerning the distribution of the 2Z coin by DoubleZero DePIN project. This decision is pivotal, indicating that transactions carried out according to DoubleZero’s directives will not attract any enforcement actions from the SEC. Additionally, the 2Z coin will not be mandated to register under the Securities Exchange Act as it is not deemed a securities class. Essentially, the move provides DoubleZero with a green light to continue its operations without fear of regulatory repercussions.