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SEC Staff Issues No-Action Relief for DePIN DoubleZero Foundation
On September 29, 2025, the Division of Corporation Finance (the “Staff”) of the U.S. Securities and Exchange Commission (SEC) granted no-action relief to DoubleZero Foundation from the registration requirements of Section 5 of the Securities Act of 1933 (the “Securities Act”) and Section 12(g) of the Securities Exchange Act of 1934 (the “Exchange Act”) in connection with Programmatic Transfers (as defined below) of its native 2Z token (“2Z”)….
By: Morrison & Foerster LLP