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The Solana Foundation took to Twitter to address for the first time the U.S. Securities and Exchange Commission's classification of its native token, Solana (SOL), as a security. "The Solana Foundation disagrees with the characterization of SOL as a security," reads a statement from June 10, noting that it welcomes the
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied ADA, the native currency of Cardano, a blockchain smart contracts platform and Ethereum competitor, is not a security, the lead developer of the network, Input Output Global (IOG), has responded in a recent statement. SEC sues Binance and
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The second component, wallet security, which involves moving all users wallets over to smart contract wallets, Buterin argues is needed so that users are comfortable with storing their cryptocurrency payments and data on-chain, otherwise they move over to centralized entities. Source
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“Under no circumstances is ADA a security under U.S. securities laws,” IOG said. Source
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent CryptoX article, the Securities and Exchange Commission (SEC) alleged that Binance CEO Changpeng “CZ” Zhao received billions of dollars in customer funds through their holding company. In response, CZ expressed uncertainty about the accuracy
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Ether’s price retested $1,780 after the news of the United States Securities and Exchange Commission (SEC) suing cryptocurrency exchanges Binance and Coinbase, but it’s not preposterous to suggest that Ether bulls should be more than happy that its price did not break below the 67-day support. The SEC’s actions are actually
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There are ongoing efforts to classify Ethereum. As of now, a final decision is yet to be reached regarding whether it should be considered a security or not. Considering the arguments, predicting the final outcome is challenging. With the recent noise about cryptocurrency regulation and events such as crypto exchanges being
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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied In a recent social media skirmish, former Twitter CEO and Bitcoin advocate Jack Dorsey sparked a heated debate by affirming that Ethereum (ETH) could be considered a security. The statement from Dorsey immediately drew attention and triggered
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Long-time Bitcoin (BTC) advocate Jack Dorsey has found himself in a Twitter war with several crypto industry pundits after he responded with “yes” to a question asking if Ether (ETH) was a security.The comment caught the attention of Udi Wertheimer, a Bitcoin Ordinals developer at Taproot Wizards, who inferred Dorsey
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An EU study published last week has reopened a debate over whether digital assets should be regulated as securities – though lawmakers appear to favor a tailored approach. Source
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