SEC will not require Solana to be equated with securities

Judging by the updated documents, the Binance litigation will continue, but the SEC will no longer seek to have the court confirm the status of cryptocurrencies, which the agency explicitly stated in 2023.

At that time, the SEC in the suit equated a number of cryptocurrencies, including Solana, Polygon, Filecoin, Cardano and others, to unregistered securities, implying that trading in them violated U.S. law.

As a consequence, these cryptocurrencies were rejected by major trading platforms such as Robinhood, eToro and others.

The SEC's position on this issue resonates with the global crypto market, the status of cryptocurrencies is reflected in the prices and work of various crypto services.

The agency has also at various times accused the exchanges Coinbase, Kraken and Uniswap, the same Robinhood or the non-profit organization Ethereum Foundation of violating the Securities Act.

The sale of XRP tokens by Ripple or even Telegram's failed ICO in 2017 have also been linked to violations of U.S. exchange laws.