SEC Grants No-Action Letter for 2Z Token as DoubleZero Prepares Solana Mainnet Launch on Oct. 2

COINOTAG News reports that on September 30th DoubleZero, a custom network operating on Solana, disclosed receipt of an SEC no-action letter regarding its 2Z token. The correspondence indicates that 2Z does not need to be registered as an equity security, and that the token’s programmable liquidity features on the DoubleZero network are not treated as a securities transaction under current guidance. Market participants should view this as a regulatory clarification that may reduce compliance risk for the project’s tokenomics. DoubleZero also reaffirmed its planned mainnet launch and 2Z deployment scheduled for October 2nd, positioning the network to commence live operations under the clarified regulatory framework.