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I am happy to see DePINs mentioned in the WH Digital Asset Report. But I urge @BoHines and the task force to consider this: DePINs don't need an exemption for these distributions, because they are NOT securities transactions in the first place. This is exactly where clarity is needed.
31.7.2025
Great work by @BoHines and the Digital Assets task force. The work we've been doing recently leading to the @WhiteHouse directing the @SECGov to consider an exemption for DePIN makes us feel seen!
@SecScottBessent said it well. The new administration is America's "hard fork".
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