Bullish. The whales are no longer talking nonsense.
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SEC takes big action, Solana is removed from the securities list, is a storm in the cryptocurrency world coming?
The U.S. Securities and Exchange Commission (SEC) has decided to amend its complaint against Binance to remove Solana (SOL) from its list of securities. This legal adjustment could herald a shift in the regulatory landscape for some cryptocurrencies. The decision comes in the wake of recent court rulings that have impacted the classification of other crypto assets.
SEC Excludes Solana from Security Regulation
The SEC’s lawsuit against Binance, Binance.US, and its co-founder Changpeng Zhao initially classified several third-party crypto assets as securities. However, the SEC announced plans to amend its complaint in a joint state response filed with the U.S. District Court for the District of Columbia on July 30.
SEC Excludes Solana from Security Regulation
The SEC’s lawsuit against Binance, Binance.US, and its co-founder Changpeng Zhao initially classified several third-party crypto assets as securities. However, the SEC announced plans to amend its complaint in a joint state response filed with the U.S. District Court for the District of Columbia on July 30.
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