The Securities and Exchange Commission (SEC) Division of Corporation Finance has issued a no-action letter to Fuse Crypto Limited, dated November 24, 2025. This letter indicates that the Division will not recommend enforcement action if Fuse Crypto Limited proceeds with offering and selling its Tokens without registering them under Section 5 of the Securities Act of 1933, nor registering the Tokens as a class of equity securities under Section 12(g) of the Exchange Act of 1934. This position is contingent upon the specific facts and circumstances presented in Fuse Crypto Limited's incoming letter dated November 19, 2025, and relies on counsel's opinion.

This guidance provides a non-binding, interpretive position for Fuse Crypto Limited based on its specific representations. While it does not constitute a legal conclusion on the issues presented, it offers clarity on the SEC staff's enforcement approach for this particular digital asset offering. Regulated entities involved in similar token offerings should carefully review the conditions and facts upon which this no-action relief was granted, as any deviation could lead to a different conclusion by the Division. No specific compliance deadline or penalty information is provided as this is a no-action letter based on a specific request.