The US Securities and Exchange Commission (SEC) has made an unusual move. Until recently, the SEC generally ruled that most altcoins, except Bitcoin (BTC), were securities and took enforcement action. However, with the new SEC administration, this understanding has changed, and the SEC has adopted a more lenient approach. As a result, the SEC announced that it had approved the altcoin project called DoubleZero (2Z) and that its token, 2Z, would not be classified as a security. At this point, DoubleZero, a project that optimizes communication efficiency in distributed systems, announced that it received a “Letter of No Action” from the SEC's Division of Corporate Finance. Accordingly, the SEC sent a letter to the DoubleZero project stating that programmatic transfers of the 2Z token on its network are not securities transactions and that 2Z does not need to be registered as a class of equity security. Fox Business cryptocurrency reporter Eleanor Terrett reported this development in a post, implying that this letter represents a historic achievement for the project. “The SEC sent a letter to DoubleZero stating that there will be no trading for the 2Z token. What does this mean? The company is not required to record token allocations as securities transactions on its network. DoubleZero also confirmed the letter sent to them by the SEC and said: We are proud to share that the SEC has issued a No-Trade Letter to DoubleZero for 2Z. This first-of-its-kind letter means 2Z is not required to register as a security and that 2Z programmatic flows on the DoubleZero network are not securities transactions. Industry analysts see this development as a groundbreaking development for the crypto ecosystem. They say it will provide much-needed clarity for the crypto sector and lay the groundwork for new crypto startups. They also noted that the SEC decision creates a favorable environment for crypto companies, which have faced years of uncertainty due to concerns that the agency could treat their tokens as illegal securities. Binance Listing Has Arrived! Binance, the world's largest cryptocurrency exchange, announced today that it has listed the altcoin DoubleZero (2Z) in futures trading. Accordingly, Binance announced that it listed 2Z with up to 50x leverage. Binance is pleased to announce that DoubleZero (2Z) will begin trading on Binance Alpha starting 12:00 PM UTC on 10/02/2025. Additionally, Binance Futures will launch the 2Z/USDT Perpetual Contract with up to 50x leverage starting on 2025-10-02 12:30 (UTC). Binance is the first platform to offer and trade DoubleZero (2Z) on Binance Alpha and Binance Futures. *This is not investment advice. Continue Reading: SEC Breaks Ground: Announces Approval of This Surprise Altcoin, Binance Immediately Lists It!
