Today following Solana's increase of 11%, speculation believes this was caused by XRP winning against the SEC's lawsuit which said that XRP was a security. Then this was followed by another project that faced similar demands, namely Solana, several month ago they made a clarification which firmly stated that they were not a security.
"The Solana Foundation disagrees with the characterization of SOL as a security. We welcome the continued engagement of policymakers as constructive partners on regulation to achieve legal clarity on these issues for the thousands of entrepreneurs across the U.S. building in the digital assets space."
"The Solana builder community is the strongest in the industry, and continues to build exceptional projects and products. The Solana Foundation remains committed to those building for the long-haul to continue to create the best blockchain for a decentralized future."
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