Odaily Planet Daily News The Solana Foundation issued a statement on Twitter to reiterate that the Solana Foundation disagrees with the SEC’s characterization of SOL as a security. We welcome policymakers’ continued engagement as constructive regulatory partners to provide legal clarity to the thousands of entrepreneurs across the United States building in the digital asset space. Solana has the strongest builder community in the crypto industry and will continue to build quality projects and products. The Solana Foundation remains committed to the long term and continues to create the best blockchain for a decentralized future. According to previous news on June 9, in the lawsuit filed by the SEC against the cryptocurrency exchanges Binance.US and Coinbase, the Solana token SOL was classified as an unregistered security, and the Solana Foundation raised objections to this. The Solana Foundation said in a statement: "SOL is the native token of the Solana blockchain. The Solana Foundation firmly believes that SOL is not a security. The Solana blockchain is a powerful, open source, community-based software project that relies on Decentralized user and developer participation to scale and grow." One developer said at Solana's Hacker House event in New York on Thursday: "I don't think any developer cares about this, SOL as a Securities or not doesn’t really impact anyone building on Solana.”