SEC Grants No-Action Relief to Solana DePIN Project Fuse for FUSE Token

The U.S. Securities and Exchange Commission issued a no-action letter to Fuse, a Solana-based decentralized physical infrastructure network project, confirming it will not pursue enforcement action against the FUSE token if sold as outlined. Deputy chief counsel Jonathan Ingram signed the letter on November 24, 2025. The decision marks the second DePIN project to receive such regulatory relief in recent months, following a similar approval granted to Double Zero in August 2025.