The @WhiteHouse just released its report on digital assets pursuant to Executive Order 14178.
Decentralized PINs (DePINs) were mentioned by name for the first time.
Earlier this year, IoTeX flew to Washington, DC, to meet directly with lawmakers, showcasing real hardware and laying out the importance of Decentralized PINs.
Now, buried among the report's recommendations is this historic statement: "The SEC should consider... token distributions, including as incentives for participating in decentralized physical infrastructure (DePIN) providers..."
This puts DePINs on the federal policy map. Not all tokens are financial. Some power real infrastructure.
DePINs are growing rapidly, with over $250 million in annual revenue, and are having a real-world impact. But they need clear definition.
The crypto industry is finally gaining momentum in Washington. Now is the time to build on this momentum.
Read the full report below.