The U.S. Securities and Exchange Commission (SEC) issued a no-action letter to Fuse Crypto Limited, the developer of Fuse Energy—a decentralized physical infrastructure network (DePIN) project built on the Solana blockchain.
This letter provides regulatory clarity by confirming that the project’s native FUSE also referred to as ENERGY token does not need to be registered as a security under Sections 5 and 12(g) of U.S. securities laws, as long as it is offered and sold in the manner described in Fuse’s application.
Fuse Energy incentivizes users to participate in a decentralized energy grid through its mobile app. Users earn FUSE tokens by completing tasks like reducing energy consumption during peak hours, generating solar power, or using EV chargers.
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These tokens offer real-world utility, such as energy bill discounts and carbon offsets, positioning them as rewards for network maintenance rather than investment opportunities. This is the SEC’s second no-action letter to a DePIN project in recent months, following a similar one issued to DoubleZero earlier in 2025.
The decision reflects a shift toward a more crypto-friendly stance under new SEC Chairman Paul Atkins, with Commissioner Hester Peirce leading the agency’s crypto task force. Legal experts note that no-action letters provide “regulatory cover” by assuring projects they won’t face immediate enforcement for securities violations.
The DePIN sector, valued at over $24 billion, sees this as a blueprint for utility tokens tied to real-world actions. Fuse’s token design—emphasizing consumptive use over speculation—aligns with SEC expectations, potentially boosting adoption in green energy initiatives.
Post-announcement discussions on X highlighted optimism, with one post noting: “SEC issues no action letter to Fuse Crypto for Solana based ENERGY token Tokens earned as rebates for solar panels/EV chargers not sold as investments.”
This milestone underscores evolving U.S. crypto regulations, offering a clearer path for Solana-based projects focused on tangible utility.
REKT Sponsors FaZe Clan Gaming Jerseys
Rekt Brands Inc.—the company behind the crypto-native beverage Rekt Drinks and its $REKT token—announced a $2 million agency-of-record partnership with GameSquare Holdings (NASDAQ: GAME), the parent company of esports giant FaZe Clan.
A core element of the deal includes prominent branding for Rekt on FaZe Clan’s esports jerseys, marking a strategic push into gaming culture.
GameSquare, which operates one of North America’s largest gaming media networks, will leverage its platforms to promote Rekt Drinks’ physical products, digital experiences, and $REKT token adoption.
This includes adding $2 million worth of $REKT tokens to GameSquare’s treasury alongside holdings like Ethereum and Animecoin and co-developing gaming-integrated products.
Rekt’s logo will appear on FaZe Clan’s iconic jerseys, exposing the brand to FaZe’s massive audience of over 290 million across gaming and youth culture. This follows a similar strategy in GameSquare’s prior deal with Animecoin and aligns with broader Web3-esports integrations.
Rekt emerged from the Rektguy NFT collection and has sold over 1 million cans of its sparkling water in its first year, emphasizing direct-to-consumer sales and community-driven “movements.” CEO Ovie Faruq described the partnership as a way to “take that movement global” through gaming ties.
This sponsorship enhances Rekt’s visibility in esports, bridging crypto, beverages, and competitive gaming—potentially driving $REKT token engagement among Gen Z and millennial audiences. No recent updates indicate changes, but it remains a key pillar of Rekt’s expansion.