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I can only find a source from 2 days ago that says the SEC claims Solana is a security. Before that afaik the only cryptocurrency the sec had explicitly said w
by shawabawa3 3y ago
I can only find a source from 2 days ago that says the SEC claims Solana is a security.
Before that afaik the only cryptocurrency the sec had explicitly said was a security was XRP which coinbase delisted
- JumpCrisscross 3y agoIn 2017, the SEC issued the DAO Report [1]. It—together with guidance around ICOs—made the status quo per the SEC super clear. Investigations and enforcement take time, but the rules of the game were known; the industry had been working to change the status quo. If you want to know whether something is legal or not, you talk to a lawyer or (less reliably) law enforcement. When Coinbase asked the SEC if it needed to register, without—to my knowledge—exception, it said yes. [1] https://www.sec.gov/litigation/investreport/34-81207.pdf https://www.sec.gov/litigation/investreport/34-81207.pdf