# SEC Grants DoubleZero Coveted No-Action Relief for Upcoming 2Z Token

*Author: Bankless*
*Published: Sep 30, 2025*
*Source: https://www.bankless.com/read/news/sec-grants-doublezero-coveted-no-action-relief-for-upcoming-2z-token*

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The SEC’s Division of Corporation Finance issued a no-action letter to DoubleZero confirming that the SEC will not recommend future enforcement action over the "programmatic distribution" of DoubleZero 2Z tokens in a utility-based fashion.

### What’s the Scoop?
- **No-Action Relief:** The SEC has said it won’t pursue enforcement provided 2Z token transfers stay within the programmatic and functional parameters outlined in DoubleZero’s counsel letter.
- **Commissioner Commentary:** SEC Commissioner Hester Peirce [contends](https://www.sec.gov/newsroom/speeches-statements/peirce-092925-deep-statement-doublezero-no-action-letter) that DePIN tokens differ from fundraising under the Howey Test, arguing they are incentives for infrastructure buildout, not investment contracts.
- **Industry Reaction:** DoubleZero co-founder Austin Federa [labeled](https://x.com/Austin_Federa/status/1972765046607671686) the decision a “major milestone” for the U.S. digital asset industry, showing founders can achieve clarity without stifling speed.
- **Regulatory Caution:** No-action letters are unique to the facts and applicant presented, leaving room for a different outcome under different circumstances.
- **Impending Launch: **The DoubleZero mainnet-beta network, 2Z token, and token functionality will go live Thurs, October 2, at 9:00 A.M. EST.

> Proud to share that the [@SECGov](https://twitter.com/SECGov?ref_src=twsrc%5Etfw) has issued [@DoubleZero](https://twitter.com/doublezero?ref_src=twsrc%5Etfw) a No-Action Letter for 2Z. 🦅🇺🇸The first-of-its-kind No-Action Letter gives us confidence that 2Z does not have to register as a class of “equity securities” and that programmatic flows of 2Z on the DoubleZero network are… [pic.twitter.com/gSgiN6tpQj](https://t.co/gSgiN6tpQj)— DoubleZero IBRL/acc (@doublezero) [September 29, 2025](https://twitter.com/doublezero/status/1972762875916869914?ref_src=twsrc%5Etfw)
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