The Solana Foundation has fought back allegations from the Securities and Exchange Commission that SOL, the parent token of the Solana blockchain, and 12 other tokens are unregistered securities in the two lawsuits it filed against Binance and Coinbase on Monday and Tuesday, respectively.
“The Solana Foundation believes strongly that SOL is not security,” the foundation said in a statement. luck. “We welcome the continued engagement of policymakers as constructive partners in regulation to bring legal clarity on these issues to the thousands of entrepreneurs across the United States building the digital asset space.”
luck This story will be updated as more details come in.
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