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👉👉👉 SEC likely still believes $SOL is a security, say crypto execs
Despite retracting its request for a court decision on whether Solana (SOL) is a security as part of its Binance lawsuit on July 30, the U.S. Securities and Exchange Commission (SEC) has not definitively cleared Solana of being classified as a security.
#JakeChervinsky , Chief Legal Officer at Variant Fund, noted on July 30 that the SEC’s retraction does not imply a conclusion that Solana is not a security. The SEC’s latest move involves amending its complaint related to “Third Party Crypto Asset Securities,” essentially withdrawing its request for a court determination on the security status of the tokens involved in the lawsuit.
Chervinsky pointed out that despite this retraction, the SEC continues to refer to these tokens as securities in other cases, such as its ongoing lawsuit against Coinbase.
Miles Jennings, General Counsel at a16z Crypto, and Justin Slaughter, Policy Director at Paradigm, also weighed in.
Slaughter suggested that the retraction may be overinterpreted & does not imply that Solana or other tokens are non-securities. Jennings noted that Judge Amy Berman Jackson’s high bar in the Binance case might make it difficult for the SEC to prove these tokens as securities, despite Judge Katherine Polk Failla’s support for the SEC’s stance in the Coinbase case.
Jennings doubts the SEC’s ability to connect token sales on secondary markets with token issuers’ managerial efforts, suggesting this might be a strategic decision rather than reflecting the SEC’s stance on the tokens.
Tokens Affected
In its lawsuit against Binance, the SEC identified several tokens as securities, including:
1. Solana (SOL) – $184
2. $BNB BNB) – $587
3. Cardano ($ADA ) – $0.40
4. Polygon (MATIC) – $0.515
5. The Sandbox (SAND) – $0.33
6. Decentraland (MANA) – $0.33
7. Axie Infinity (AXS) – $5.82
The SEC had previously asserted that at least 68 tokens were securities, impacting over $100 billion worth of #cryptocurrencies.

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IF YOU HOLD 10,000,000 SHIB YOU MUST SEE THIS - SHIBA PRICE PREDICTION
If you're among the many investors holding 10,000,000 SHIB, the current market dynamics and future price predictions are crucial for your portfolio. Shiba Inu, known for its volatile price movements, has recently seen a significant shift.
Currently, the price stands at around 2,846 units, marking a 14% decrease in the last 24 hours. Despite this dip, the token holds a substantial market cap of over $16.4 billion, ranking it 11th globally.
What does holding 10,000,000 SHIB mean for you? With the current price, market analysys and recent developments suggest a potential for rebound and growth.
Future predictions vary, but many analysts are optimistic. If SHIB recovers to its previous high, your holdings could significantly increase in value. For instance, a return to the 3,500-unit price level would raise the value of your 10,000,000 SHIB to $35,000. Some analysts project even higher peaks, with potential increases up to 5,000 units per SHIB in upcoming bullish scenarios. This would make your holdings worth $50,000, highlighting the importance of market trends and ecosystem developments for your investment.
Recent developments, like the SH Name Service and new expression standards, add to the ecosystem's value and could drive up SHIB's price. Wall Street analysts, like Lendon Jones, have noted SHIB's outperformance compared to Bitcoin in the current market, indicating a growing interest and potential for further gains.
In conclusion, holding 10,000,000 SHIB in the current market carries risks but also potential rewards. Price predictions suggest a possible increase, making it crucial for holders to stay informed and consider market trends. Remember, these predictions are speculative, and investing in cryptocurrency involves risks. Always conduct thorough research and consider your financial situation before making investment decisions.
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😱🚀🚀Top 3 Solana meme coins with big breakout potential
The First Solana Dog: Bonk ($BONK )
BONK, is marketed as the first dog-themed token on the Solana blockchain “for the people, by the people,” with 50% of its total supply airdropped to members of the Solana community. #BONK launched in December 2022, and its launch caused $SOL to gain 34% in 48 hours. The project’s goal is to bring liquidity back to Solana-based decentralized exchanges.
Dogwifhat ($WIF )
Dogwifhat (WIF) is another Solana superstar worth buying now. Over the past two weeks, this top dog gained over 39% and trades for $2.56. The token quickly became a fan favourite, amassing a market cap of over $2.5 billion. #WIF suffered heavily in the recent market downturn but has stabilized and looks ready for a rally.
BOOK OF MEME ($BOME )
$BOME’s unique and experimental approach blends memes, decentralized storage solutions and gambling into a unified space, aiming to disrupt Web 3 culture. While the novel idea is left field, the project has received immense support from its community, showcasing the innovative and creative nature of memecoins. #BOME is one-of-a-kind and may just be the unicorn the industry has been searching for.

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