- The SEC reclassifies ten cryptocurrencies, including Solana and Cardano, from securities to non-securities.
- A recent SEC amendment eliminates the need for an immediate court decision on crypto asset securities allegations.
The current news delivers encouraging updates for Solana (SOL) and Cardano (ADA) following the US SEC’s revised lawsuit against Binance.
SEC Reclassifies Solana and Cardano, Removing Securities Designation
This update has reclassified ten cryptocurrencies, including Solana and Cardano, that were formerly classified as securities to no longer be deemed such. The SEC has filed a modification to “Crypto Asset Securities,” which eliminates the necessity for an instant court decision on the underlying accusations.
[ ZOOMER ]
SEC MOVES TO AMEND COMPLAINT AGAINST BINANCE, SEEKS TO NO LONGER PROVE TOKENS SUCH AS SOLANA ARE SECURITIES: FILING
— zoomer (@zoomerfied) July 30, 2024
The SEC advised the…
