[Texas Residential Builder Megatel Homes to Launch Cryptocurrency Rewards Program After SEC Approval] According to Reuters, Texas-based private residential builder Megatel Homes LLC announced on Thursday that it will begin issuing a cryptocurrency called 'MegPrime' for payments and rewards. This initiative is an extension of its 2019 rent-to-down-payment program, aiming to combine real estate activities with the advantages of digital currency. The company has received a 'no-action' letter from the U.S. Securities and Exchange Commission (SEC), effectively allowing it to proceed with the related plans. The company emphasized that the token is promoted solely as a means of payment and earning rewards, not as an investment product. Consumers can use the token via digital wallets and payment cards at regular merchants to earn cashback, discount gift cards, and points redeemable for home-related benefits. Token holders will not have any rights associated with securities ownership, such as voting rights or profit-sharing rights.