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SEC Retracts Securities Classification for MATIC, ADA, and SOL | Flash News Detail | Blockchain.News
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7/30/2024 6:00:01 PM

SEC Retracts Securities Classification for MATIC, ADA, and SOL

SEC Retracts Securities Classification for MATIC, ADA, and SOL

According to Michaël van de Poppe, the SEC initially classified tokens like MATIC, ADA, and SOL as securities. However, they have since retracted this classification in their case against Binance, suggesting a potential change in their stance towards these projects. If these tokens are no longer considered securities, it is positive news for the market.

Source

Michaël van de Poppe

@CryptoMichNL

Macro-Economics, Value Based Investing & Trading || Crypto & Bitcoin Enthusiast