The Solana Foundation reiterates that it does not agree with the US SEC's characterization of SOL as a security

2023-06-11 14:41:51BlockBeatsShare to:

SOL+14.13% ($15.59)

BlockBeats news, on June 11, the Solana Foundation issued a statement on the social platform to reiterate that the Solana Foundation does not agree with the SEC's characterization of SOL as a security. We welcome policymakers' continued engagement as constructive regulatory partners, providing 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 building for the long term, continuing to create the best blockchain for a decentralized future. Prior to the news on June 9, in the lawsuit filed by the SEC against the cryptocurrency trading platforms Binance.US and Coinbase, SOL was classified as an unregistered security, which the Solana Foundation raised objections to. The Solana Foundation stated 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 Scale and grow with decentralized user and developer participation.”

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SolanaMarkets

Price	$15.59 USD	Price Change (24h)	+14.13%	Trading Volume (24h)	$1,867,400,711.46 USD
Market Cap	$63,466,395,573.96 USD	Circulating Supply	467,758,264.65	Max Supply:	--

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