News Explorer — Solana Foundation Pushes Back After SEC Says SOL Is Security

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Jun 8, 9:04 pm

Coindesk

Solana Foundation Pushes Back After SEC Says SOL Is Security

The Solana Foundation is challenging the U.S. Security and Exchange Commission’s (SEC) classification of its SOL token as an unregistered security. The Foundation believes that SOL is not a security, as it is the native token to the Solana blockchain, a decentralized software project. Despite the SEC's lawsuits, the Solana community does not seem to be overly concerned with the chain’s regulatory issues.

The Solana Foundation is challenging the U.S. Security and Exchange Commission’s (SEC) classification of its SOL token as an unregistered security. The Foundation believes that SOL is not a security, as it is the native token to the Solana blockchain, a decentralized software project. Despite the SEC's lawsuits, the Solana community does not seem to be overly concerned with the chain’s regulatory issues.

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