{"id":57600,"date":"2025-11-25T12:52:14","date_gmt":"2025-11-25T12:52:14","guid":{"rendered":"https:\/\/thecryptocurrencypost.net\/es\/?p=57600"},"modified":"2025-11-25T13:24:30","modified_gmt":"2025-11-25T13:24:30","slug":"sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu","status":"publish","type":"post","link":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/","title":{"rendered":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU"},"content":{"rendered":"<p><strong>La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n<\/strong> que determina que el token <strong>$ENERGY de Fuse Crypto Limited no requiere registro como valor<\/strong>, un hito que aporta claridad sobre cu\u00e1ndo un activo digital puede considerarse utilitario. La decisi\u00f3n contempla <strong>el dise\u00f1o operativo del token y su uso como incentivo dentro de una red energ\u00e9tica descentralizada<\/strong>, estableciendo par\u00e1metros concretos para su evaluaci\u00f3n regulatoria.<\/p>\n<p><!--more--><\/p>\n<p>La decisi\u00f3n de la <a href=\"https:\/\/www.sec.gov\/\" target=\"_blank\" rel=\"noopener noreferrer\">SEC<\/a> se apoya en <strong>la arquitectura del token, concebida para recompensar acciones concretas que apoyan la red<\/strong> \u2014instalaci\u00f3n de recursos energ\u00e9ticos distribuidos, despliegue de cargadores para VE o desplazamiento voluntario de consumo\u2014 <strong>en lugar de prometer beneficios derivados del esfuerzo empresarial de Fuse<\/strong>.<\/p>\n<p>El token <strong>funciona principalmente como incentivo consumible y descuento en bienes y servicios<\/strong> de la firma; <strong>su redenci\u00f3n est\u00e1 limitada<\/strong> y su <strong>valor se ancla a m\u00e1rgenes comerciales y al precio medio en mercados secundarios<\/strong>. Esta estructura incluye <strong>mecanismos expl\u00edcitos para desalentar la especulaci\u00f3n<\/strong> y <strong>un tope de redenci\u00f3n que limita la apreciaci\u00f3n abierta del activo<\/strong>, reforzando su posici\u00f3n como herramienta de utilidad m\u00e1s que como instrumento de inversi\u00f3n.<\/p>\n<p>La SEC evalu\u00f3 la token\u00f3mica frente al <strong>test de Howey<\/strong> \u2014prueba legal que determina si una transacci\u00f3n es un contrato de inversi\u00f3n y, por tanto, un valor\u2014 y concluy\u00f3 que <strong>faltaba la expectativa razonable de beneficios derivados exclusivamente de la gesti\u00f3n o esfuerzos de terceros<\/strong>, el elemento determinante para la clasificaci\u00f3n como valor. En este caso, la comisi\u00f3n consider\u00f3 que <strong>los beneficios del usuario derivan de sus propias acciones de consumo y generaci\u00f3n<\/strong>, no del rendimiento empresarial de Fuse.<\/p>\n<h2>Implicaciones regulatorias y de mercado para el sector DePIN<\/h2>\n<p>La carta de no\u2011acci\u00f3n se interpreta como <strong>precedente relevante para tokens orientados a utilidad dentro del sector DePIN (Decentralized Physical Infrastructure Networks)<\/strong>. Proyectos que <strong>demuestren consumo funcional y mecanismos de redenci\u00f3n acotados<\/strong> podr\u00edan seguir una senda similar para evitar la clasificaci\u00f3n como valores, siempre que sus dise\u00f1os operativos prioricen el uso pr\u00e1ctico frente a la especulaci\u00f3n.<\/p>\n<p>La decisi\u00f3n llega tras una carta comparable concedida a <a href=\"https:\/\/thecryptocurrencypost.net\/es\/companias\/\" target=\"_blank\" rel=\"noopener\">DoubleZero<\/a> por su token 2Z en septiembre de 2025, lo que sugiere <strong>una pauta emergente en la pr\u00e1ctica del regulador<\/strong> y una mayor atenci\u00f3n a las caracter\u00edsticas econ\u00f3micas reales de los tokens en contextos de infraestructura f\u00edsica descentralizada.<\/p>\n<p>A nivel institucional, la medida refleja <strong>un cambio hacia un compromiso m\u00e1s matizado por parte de la SEC<\/strong>, asociado a iniciativas internas identificadas como <strong>Project Crypto<\/strong> y a la creaci\u00f3n potencial de una <strong>Crypto Task Force<\/strong>, que buscan ofrecer orientaci\u00f3n pr\u00e1ctica m\u00e1s que aplicar \u00fanicamente medidas punitivas. Este enfoque apunta a criterios replicables que favorezcan el desarrollo responsable de modelos tokenizados.<\/p>\n<p>En paralelo, <strong>la ausencia de un marco legislativo federal definitivo \u2014la llamada Clarity Act permanece en incertidumbre\u2014<\/strong> deja a <strong>las cartas de no\u2011acci\u00f3n como herramientas provisionales pero influyentes<\/strong> para proyectos que buscan legalidad operativa en EE. UU., proporcionando gu\u00eda mientras se definen reglas m\u00e1s formales.<\/p>\n<p>La carta de no\u2011action sobre el Fuse Energy Token <strong>abre un camino operativo para tokens utilitarios bien dise\u00f1ados<\/strong> y sit\u00faa como <strong>pr\u00f3ximo hito la elaboraci\u00f3n de reglas m\u00e1s formales dentro de Project Crypto<\/strong> o nuevas decisiones administrativas que confirmen criterios replicables para proyectos DePIN.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor, un hito que aporta claridad sobre cu\u00e1ndo un activo digital puede considerarse utilitario. La decisi\u00f3n contempla el dise\u00f1o operativo del token y su uso como incentivo dentro de una red energ\u00e9tica descentralizada, estableciendo [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":57599,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[82,33],"tags":[1572,1575,391],"class_list":["post-57600","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economia","category-editors-picks","tag-energy","tag-fuse","tag-sec"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU The CryptoCurrency Post ESP<\/title>\n<meta name=\"description\" content=\"La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU The CryptoCurrency Post ESP\" \/>\n<meta property=\"og:description\" content=\"La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/\" \/>\n<meta property=\"og:site_name\" content=\"The CryptoCurrency Post ESP\" \/>\n<meta property=\"article:published_time\" content=\"2025-11-25T12:52:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-11-25T13:24:30+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Logan Pierce\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Escrito por\" \/>\n\t<meta name=\"twitter:data1\" content=\"Logan Pierce\" \/>\n\t<meta name=\"twitter:label2\" content=\"Tiempo de lectura\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutos\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU The CryptoCurrency Post ESP","description":"La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/","og_locale":"es_ES","og_type":"article","og_title":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU The CryptoCurrency Post ESP","og_description":"La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor","og_url":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/","og_site_name":"The CryptoCurrency Post ESP","article_published_time":"2025-11-25T12:52:14+00:00","article_modified_time":"2025-11-25T13:24:30+00:00","og_image":[{"width":1280,"height":720,"url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg","type":"image\/jpeg"}],"author":"Logan Pierce","twitter_card":"summary_large_image","twitter_misc":{"Escrito por":"Logan Pierce","Tiempo de lectura":"3 minutos"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#article","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/"},"author":{"name":"Logan Pierce","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/8ea721bf16fb5237979cfae697156c7e"},"headline":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU","datePublished":"2025-11-25T12:52:14+00:00","dateModified":"2025-11-25T13:24:30+00:00","mainEntityOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/"},"wordCount":591,"publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg","keywords":["$ENERGY","Fuse","sec"],"articleSection":["Econom\u00eda","Editor's Picks"],"inLanguage":"es"},{"@type":"WebPage","@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/","url":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/","name":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU The CryptoCurrency Post ESP","isPartOf":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#primaryimage"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#primaryimage"},"thumbnailUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg","datePublished":"2025-11-25T12:52:14+00:00","dateModified":"2025-11-25T13:24:30+00:00","description":"La SEC emiti\u00f3 una carta de no\u2011acci\u00f3n que determina que el token $ENERGY de Fuse Crypto Limited no requiere registro como valor","breadcrumb":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/"]}]},{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#primaryimage","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2025\/11\/fuse-energy-token-sec-no-action-depin-grid.jpg","width":1280,"height":720,"caption":"Holograma del Fuse Energy token sobre una red energ\u00e9tica descentralizada, iluminado por la carta de no-accion de la SEC."},{"@type":"BreadcrumbList","@id":"https:\/\/thecryptocurrencypost.net\/es\/sec-despeja-fuse-energy-token-en-triunfo-por-claridad-regulatoria-para-cripto-en-ee-uu\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Noticias Criptomonedas","item":"https:\/\/thecryptocurrencypost.net\/es\/"},{"@type":"ListItem","position":2,"name":"SEC despeja La SEC emite una carta de no acci\u00f3n para Fuse Energy Token en EE.UU"}]},{"@type":"WebSite","@id":"https:\/\/thecryptocurrencypost.net\/es\/#website","url":"https:\/\/thecryptocurrencypost.net\/es\/","name":"The CryptoCurrency Post ESP","description":"Crypto News","publisher":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thecryptocurrencypost.net\/es\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"es"},{"@type":"Organization","@id":"https:\/\/thecryptocurrencypost.net\/es\/#organization","name":"The CryptoCurrency Post ESP","url":"https:\/\/thecryptocurrencypost.net\/es\/","logo":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/","url":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","contentUrl":"https:\/\/thecryptocurrencypost.net\/es\/wp-content\/uploads\/sites\/2\/2026\/05\/TCP-favicon-dev.png","width":280,"height":280,"caption":"The CryptoCurrency Post ESP"},"image":{"@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/thecryptocurrencypost.net\/es\/#\/schema\/person\/8ea721bf16fb5237979cfae697156c7e","name":"Logan Pierce","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5ab2e9d00b2f2bfbb16839de2266dc9a7a9e7a11b55eaae309d55cc61d25b4b2?s=96&d=mm&r=g","caption":"Logan Pierce"},"description":"Logan focuses on global cryptocurrency regulation, compliance, and policy developments. His reporting examines how legislative decisions influence market structure, institutional adoption, and the rights of industry participants. When relevant, he also analyzes how regulatory frameworks specifically affect Layer 1 networks and digital asset volatility.","url":"https:\/\/thecryptocurrencypost.net\/es\/author\/logan\/"}]}},"_links":{"self":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/57600","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/comments?post=57600"}],"version-history":[{"count":0,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/posts\/57600\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media\/57599"}],"wp:attachment":[{"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/media?parent=57600"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/categories?post=57600"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thecryptocurrencypost.net\/es\/wp-json\/wp\/v2\/tags?post=57600"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}