PANews reported on November 25th that Fuse Energy announced on its X platform that the U.S. Securities and Exchange Commission (SEC) issued a No-Action Letter to Fuse Energy today regarding its Energy Dollar (ENERGY) token. ENERGY is a native utility token of The Energy Network, built on the Solana blockchain. The project white paper, containing full details, was released today.

In its related announcement , the SEC stated: "Based on the facts stated, if Fuse, in accordance with the manner and circumstances described in your counsel's opinion, issued and sold tokens without registering them under Section 5 of the Securities Act and without classifying them as equity securities under Section 12(g) of the Exchange Act, the Department will not recommend enforcement action to the SEC. This position is based on the statements made to the Department in your counsel's opinion. Any different facts or circumstances could lead the Department to a different conclusion. Furthermore, this response merely states the Department's position regarding enforcement action and does not constitute any legal conclusion on the matters stated."