📢📢🚨SEC Clears Why Terra Luna Classic, MATIC & 3 Others Are Securities
The SEC has offered a clarification on why it thinks that Terra Luna Classic, Polygon, Decentraland, The Sandbox, and Chiliz are securities.
In a recent litigation submitted by the U.S. Securities and Exchange Commission (SEC) against Consensys, the agency has clarified its stance on the classification of several renowned crypto as securities. These include Terra Luna Classic (LUNA), Polygon (MATIC), The Sandbox (SAND), Chiliz (CHZ), and Decentraland (MANA). This legal action underscores the SEC’s contention that these digital assets were initially offered and sold as investment contracts.
