Digital Coin News

Solana Foundation: SOL is 'Not a Security'

  • 📰 CoinDesk
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 63%

Coin Coin Headlines News

Coin Coin Latest News,Coin Coin Headlines

The native token of the Solana blockchain, $SOL, was declared an unregistered security in the SECGov’s lawsuits against crypto exchanges BinanceUS and coinbase. The Solana Foundation says $SOL is “not a security.” 0x_tracy reports

The Solana Foundation is disputing the U.S. Security and Exchange Commission’s classification of its SOL token as an unregistered security.

“The Solana Foundation strongly believes that SOL is not a security,” the Solana Foundation told CoinDesk in a statement. “SOL is the native token to the Solana blockchain, a robust, open-source, community-based software project that relies on decentralized user and developer engagement to expand and evolve.”

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 291. in COİN

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Kraken NFT Marketplace Launches With Support for Ethereum, Solana and Polygon CollectionsAs part of KrakenNFT's public launch, the platform has pledged to include not only blue-chip projects like CryptoPunks and Bored Ape Yacht Club, but also more affordable collections that can be bought for under $100. RosiePerper reports:
Source: CoinDesk - 🏆 291. / 63 Read more »