The post SEC’s Bow to DoubleZero Carries Major Weight for Decentralized Infrastructure: Peirce appeared on BitcoinEthereumNews.com. Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits. The SEC staff agreed to the startup’s request that the agency wouldn’t pursue any registration complaints for tokens issued for the specific aims of DoubleZero’s decentralized physical infrastructure network (DePIN). Commissioner Peirce suggested this open door for DePIN efforts keeps the SEC out of business it shouldn’t be in. “Rather than relying on centralized corporate structures to coordinate activity, DePIN projects enlist participants to provide real-world capabilities, such as storage, telecommunications bandwidth, mapping, or energy, through open and distributed peer-to-peer networks,” she said in a statement. The activity doesn’t trigger the Supreme Court’s Howey Test — the test that decides what falls within the SEC’s jurisdiction — because such projects “allocate tokens as compensation for work performed or services rendered, rather than as investments with an expectation of profit from the entrepreneurial or managerial efforts of others.” The SEC uses no-action letters to make it clear what activities it doesn’t intend to pursue with enforcement actions, so a letter to a single firm can signal to an entire space what the agency’s current posture is. But to reap the benefits, the activity has to stay strictly within the boundaries outlined in the SEC’s letter. “The line between tokens and securities law is getting clearer,” said Austin Federa, DoubleZero co-founder, in a statement to CoinDesk. “Founders who once spent countless hours (and legal dollars) on this question can now focus on building.” DoubleZero sought to incentivize providers of infrastructure for network connectivity, such as large technology companies that control… The post SEC’s Bow to DoubleZero Carries Major Weight for Decentralized Infrastructure: Peirce appeared on BitcoinEthereumNews.com. Even before the arrival of President Donald Trump and his crypto-friendly regulators, the U.S. Securities and Exchange Commission had a crypto advocate, Commissioner Hester Peirce, who contends that a decision this week to grant DoubleZero a so-called no-action letter represents the kind of space she’s long been wanting to offer blockchain pursuits. The SEC staff agreed to the startup’s request that the agency wouldn’t pursue any registration complaints for tokens issued for the specific aims of DoubleZero’s decentralized physical infrastructure network (DePIN). Commissioner Peirce suggested this open door for DePIN efforts keeps the SEC out of business it shouldn’t be in. “Rather than relying on centralized corporate structures to coordinate activity, DePIN projects enlist participants to provide real-world capabilities, such as storage, telecommunications bandwidth, mapping, or energy, through open and distributed peer-to-peer networks,” she said in a statement. The activity doesn’t trigger the Supreme Court’s Howey Test — the test that decides what falls within the SEC’s jurisdiction — because such projects “allocate tokens as compensation for work performed or services rendered, rather than as investments with an expectation of profit from the entrepreneurial or managerial efforts of others.” The SEC uses no-action letters to make it clear what activities it doesn’t intend to pursue with enforcement actions, so a letter to a single firm can signal to an entire space what the agency’s current posture is. But to reap the benefits, the activity has to stay strictly within the boundaries outlined in the SEC’s letter. “The line between tokens and securities law is getting clearer,” said Austin Federa, DoubleZero co-founder, in a statement to CoinDesk. “Founders who once spent countless hours (and legal dollars) on this question can now focus on building.” DoubleZero sought to incentivize providers of infrastructure for network connectivity, such as large technology companies that control…