Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities. Summary:.
14 Jun 2023, 08:00
Crypto Foundations Refute SEC Claims That SOL, ADA, and MATIC Are Securities
Summary:
The SEC’s claims that SOL, ADA, and MATIC are securities were met with stiff disagreement by the development foundation of each token.Following their statements last week, investors seemed to steady their feet as prices rebounded slightly on Monday.SOL, ADA, and MATIC market values initially dropped after the SEC sued Binance and Coinbase for violating U.S. securities laws.Crypto Foundation to the SEC’s claim that tokens Solana’s SOL, Cardano’s ADA, and Polygon’s MATIC are Securities, saying that they are in fact not securities at all.
Following the SEC’s lawsuit against crypto exchanges Binance and Coinbase for offering unregistered securities trading to American investors, the market prices of these tokens slumped amid a broader decline in the crypto market last week.