The SEC approved DoubleZero’s 2Z token and said it is not a security

This announcement came after the commission granted the initiative a “No-Action Letter.” This letter marks a historic accomplishment for the project. DoubleZero’s approval improves crypto firms’ confidence in their operationsSeveral crypto analysts commented on DoubleZero’s approval. This decision follows the SEC’s recent approval of the Generic Listing Standards for crypto ETFs, which take effect on October 1. The SEC removed all the delay notices that had halted or slowed down the approval process for various crypto ETFs. This decision demonstrates that the agency is now prepared to permit multiple crypto ETFs to proceed simultaneously, rather than prolonging their review periods.