2.1 Regulation SEC向Fuse Crypto发出无异议函，确认其能源奖励代币不是证券。该代币通过可持续行动获得，仅在网络内使用，不用于盈利销售。
美国证券交易委员会（SEC）已向Fuse Crypto Limited发出无异议函，确认其原生代币（用于奖励参与可持续能源项目）不被视为证券。SEC公司财务部表示，如果Fuse按照描述发行和销售其代币，将不会建议采取执法行动。该代币是为网络内的实用性而获得，而非投资目的。代币不向公众出售，而是作为补偿分发给如安装屋顶太阳能或减少能源消耗等活动的参与者，其价值与实用性挂钩，如能源账单折扣或升级服务。SEC的决定基于Fuse提供的事实，明确该代币不符合Howey测试下的投资合同标准，因为用户并不期待通过他人努力获利。此举被视为DePIN领域的重要进展，为基于区块链管理现实世界基础设施的代币提供了监管明确性。
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