SEC’s Stance on Solana Remains Ambiguous, How Will SOL be Impacted?

The United States Securities and Exchange Commission (SEC) has not explicitly declared Solana (SOL) a non-security. The SEC withdrew the demand for a court judgment in its lawsuit against Binance. Legal scholars have noted that the SEC’s position on Solana is still not clear. Jake Chervinsky, the Chief Legal Officer at Variant Fund, also shared his thoughts on […] source: https://www.thecoinrepublic.com/2024/07/31/secs-stance-on-solana-remains-ambiguous-how-will-sol-be-impacted/