The US SEC determines that DePIN tokens are "essentially" not within its jurisdiction.

Jinse Finance reported that the U.S. Securities and Exchange Commission (SEC) has stated it will not take enforcement action against tokens related to blockchain-based decentralized physical infrastructure networks (DePIN). In a "no-action letter" issued on Monday, Michael Seaman, Chief Counsel of the SEC's Division of Corporation Finance, said that regarding the token planned to be launched by the DePIN project DoubleZero, he "would not recommend enforcement action to the SEC." SEC Commissioner Hester Peirce separately added, "The economic substance of DePIN projects is fundamentally different from the financing transactions that Congress has authorized this Commission to regulate." This "no-action letter" from the SEC is relatively rare and is the latest example of the agency reducing enforcement in the crypto sector since the Trump administration—a move the current administration has pledged to continue in order to attract businesses and projects to the United States.