@doublezero@SECGov This opens the door for a whole new class of companies to contribute their underutilized fiber links to the DZ protocol. DoubleZero just went mainstream...
6/ Ultimately, this No-Action letter clears the path for DoubleZero contributors to accelerate their mission of delivering the fastest, most resilient decentralized network infrastructure in the world.
We are deeply grateful to the SEC staff (both Crypto Task Force and the…
5/ Crypto innovation in America is back. 🇺🇸
Today’s SEC No-Action Letter is a monumental milestone, not just for @doublezero, but for the entire crypto industry.
It’s time to celebrate 2Z’s model, and that compliant innovation can thrive in the U.S.
And for contributors, it…
4/ The 2Z token powers value transfer, incentives, and security across the @doublezero network.
2Z derives its value directly from the resources contributors provide to the network, resulting in rewards being tied to contributors’ own actions.
3/ For the @doublezero project and its stakeholders, this letter means that the SEC will not recommend an enforcement action surrounding 2Z token flows within the @doublezero network. Consequently, DoubleZero Foundation feels confident that:
1. Securities laws do not apply to…
2/ A No-Action Letter means that the @SECGov’s Division of Corporation Finance has reviewed how the programmatic distributions of the 2Z token work and concluded that:
“Based on the facts presented, the Division will not recommend enforcement action to the Commission.”
Proud to share that the @SECGov has issued @doublezero a No-Action Letter for 2Z. 🦅🇺🇸
The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are…
Today is a monumental day for crypto in America.
The @SECGov Division of Corporation Finance confirmed that the DoubleZero Networks’ native token (2Z) flows to contributors of the network are not subject to the registration requirements under the Securities Acts, and has issued…
Today is a monumental day for crypto in America.
The @SECGov Division of Corporation Finance confirmed that the DoubleZero Networks’ native token (2Z) flows to contributors of the network are not subject to the registration requirements under the Securities Acts, and has issued…
The DoubleZero mainnet-beta network will be going live this month with 70+ links from globally distributed network contributors.
For context: our testnet is currently running on just 8 links...
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