Which SOL token got SEC relief?

TLDR

Fuses Solana?based utility token received SEC no?action relief, meaning staff will not recommend enforcement if it is offered and used as described in the filing per a news report.

1. The token rewards participation in a DePIN energy network, not speculation, according to the reports covering the letter.
2. The relief is conditional and fact?specific. It is not a blanket ruling for all tokens as explained in coverage.
3. It is the second recent DePIN case to receive such relief, hinting at a more practical oversight posture per reporting.

Deep Dive

1. Which Token

The token is issued by Fuse, a Solana?based decentralized physical infrastructure network, and was granted an SEC staff no?action position that the agency will not recommend enforcement if the token is offered and sold as described in Fuses submission. Reports describe it as a utility token used to reward energy?related participation rather than investment returns as covered here.

2. What No?Action Means

A no?action letter is a staff view, not a court ruling or broad policy. It is conditional and depends on the issuer following the precise facts and conditions presented to the SEC. Coverage emphasizes that the letter does not create binding precedent for other projects or future cases as explained in coverage.

3. Why It Matters For SOL

Media note this is the second recent DePIN?style token to get such staff relief, which could signal a somewhat more practical regulatory posture toward narrowly scoped utility tokens with clear, non?speculative designs according to reports.

Conclusion

The SOL?ecosystem token receiving SEC staff relief is Fuses utility token, granted a conditional no?action position tied to strict, non?speculative use. This does not set universal precedent, but it suggests staff may be open to narrow, consumptive?use token models when the facts support them.