SEC Grants No-Action Relief for Fuse ENERGY Token
- The SEC has provided no-action relief, allowing Fuse to offer and sell its ENERGY token without registration.
- This decision is contingent upon Fuse maintaining the structure outlined in its November 19 submission.
- Fuse Crypto Limited operates distributed-energy programs in the U.S. and Europe, rewarding households with tokens for energy efficiency actions.
- The SEC’s decision distinguishes the ENERGY token from an investment product under the Howey test.
- Bill Hughes, a lawyer at Consensys, supported the SEC’s decision, stating it was clear that the token is not a security.
The SEC’s no-action relief for Fuse’s ENERGY token represents significant regulatory clarity in distinguishing loyalty-style tokens from securities in the U.S. market. This outcome follows extensive engagement between Fuse and the SEC, highlighting a structured approach to compliance.
By adhering to its outlined structure, Fuse can offer its token without registration concerns, marking a pivotal moment for regulatory clarity in crypto assets within energy sectors.Source
