SEC Clears Way for Fuse Crypto’s FUSE Token Offering

The U.S. Securities and Exchange Commission (SEC) has granted a no-action letter to Fuse Crypto Limited, clearing the way for its upcoming FUSE token offering. Fuse argued that its token, which rewards users for participating in sustainable energy programs, should not be classified as a security under the SEC’s Howey test, citing customer participation in sustainable initiatives rather than expecting profits from Fuse or others. This decision is part of a trend towards a more flexible regulatory approach to digital assets by the SEC.