The US SEC has determined that DePIN tokens are "essentially" not subject to its jurisdiction.

[The US SEC deems DePIN tokens "essentially" outside its jurisdiction] The Securities and Exchange Commission (SEC) has stated that it will not take enforcement action against tokens related to decentralized physical infrastructure networks (DePIN) based on blockchain. In a "no-action letter" released on Monday, Michael Seaman, the chief advisor of the SEC's Division of Corporation Finance, stated that he "would not recommend enforcement action to the SEC" regarding the tokens planned for launch by the DePIN project DoubleZero. Hester Peirce, a commissioner of the SEC, added separately that "the economic substance of DePIN projects is fundamentally different from the financing transactions authorized by Congress for 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 cryptocurrency space during the Trump administration — the current government has pledged to ease regulations to attract businesses and projects to settle in the United States.