The US SEC has issued a letter to DoubleZero confirming that the 2Z token does not need to be registered as an equity security.

DoubleZero announced on the X platform that the U.S. Securities and Exchange Commission (SEC) has issued a no-action letter to DoubleZero regarding 2Z. This document means that 2Z does not need to be registered as a class of "equity security" and that the programmatic flow of 2Z on the DoubleZero network does not constitute securities trading.