DoubleZero: Receives SEC No-Action Letter for 2Z Token, Confirming No Need for Equity Security Registration

BlockBeats News, September 30th, DoubleZero, Solana's custom fiber network, proudly announced that the SEC has provided DoubleZero with a no-action letter for its 2Z token, confirming that 2Z is not required to be registered as an "equity security" and that the programmable liquidity of 2Z on the DoubleZero network is not a securities transaction.

Previously reported, DoubleZero announced that its mainnet will launch on October 2nd, along with the deployment of the 2Z token.