Solana Foundation Denies SEC Allegations, Asserts SOL Is Not a Security
- Solana Foundation denies SEC’s allegations that SOL is an unregistered security.
- SOL is the native token to the decentralized Solana blockchain, according to the foundation.
- Solana Foundation’s head of policy disputes SEC’s claims, stating “SOL is not a security.
The Solana Foundation has denied allegations from the Securities and Exchange Commission (SEC) that SOL is an unregistered security. The SEC filed lawsuits against crypto exchanges Binance.US and Coinbase earlier this week, which charged the exchanges with trading crypto asset securities, including SOL.
In a recent statement, the Solana Foundation has pushed back against the SEC’s classification of SOL, stating that it is the native token to the Solana blockchain, a decentralized software project, and not a security.
SOL is the native token to the Solana blockchain, a robust, open-source, community-based software project that relies on decentralized user and developer engagement to expand and evolve.
During a panel titled “WTF is going on crypto policy” at the Solana NYC Hacker House event, Amira Valliani, the foundation’s head of policy, disputed the SEC’s allegations. She emphatically state…
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Solana Foundation Denies SEC Allegations, Asserts SOL Is Not a Security
- Solana Foundation denies SEC’s allegations that SOL is an unregistered security.
- SOL is the native token to the decentralized Solana blockchain, according to the foundation.
- Solana Foundation’s head of policy disputes SEC’s claims, stating “SOL is not a security.
The Solana Foundation has denied allegations from the Securities and Exchange Commission (SEC) that SOL is an unregistered security. The SEC filed lawsuits against crypto exchanges Binance.US and Coinbase earlier this week, which charged the exchanges with trading crypto asset securities, including SOL.
In a recent statement, the Solana Foundation has pushed back against the SEC’s classification of SOL, stating that it is the native token to the Solana blockchain, a decentralized software project, and not a security.
SOL is the native token to the Solana blockchain, a robust, open-source, community-based software project that relies on decentralized user and developer engagement to expand and evolve.
During a panel titled “WTF is going on crypto policy” at the Solana NYC Hacker House event, Amira Valliani, the foundation’s head of policy, disputed the SEC’s allegations. She emphatically state…
The post Solana Foundation Denies SEC Allegations, Asserts SOL Is Not a Security appeared first on Coin Edition.
Read More