TechFlow news, November 25 — According to The Block, the U.S. Securities and Exchange Commission (SEC) issued a no-action letter today to Fuse Energy regarding its Energy Dollar (ENERGY) token.
The token rewards customers for participating in sustainable energy programs. Last week, the energy technology startup requested SEC confirmation that the FUSE token does not constitute a security. Fuse operates electricity services in the United States, installing electric vehicle chargers, rooftop solar systems, and other green technology equipment. The company uses blockchain technology to help "alleviate grid congestion," allowing customers to earn FUSE tokens by installing rooftop devices. Fuse argues its token should not be considered a security because it is not an investment contract; consumers earn tokens for personal use rather than based on a reasonable expectation of profit.
