The SEC has reclassified ten cryptocurrencies, including Solana and Cardano, from securities to non-securities. This decision is part of an amended complaint in the ongoing lawsuit against Binance, impacting the regulatory landscape for these tokens.
Points
- The SEC reclassified ten cryptocurrencies, including Solana （SOL） and Cardano （ADA）, from securities to non-securities.
- This reclassification is part of an amended complaint in the SEC’s lawsuit against Binance.
- The decision eliminates the need for the court to consider these tokens as securities.
- Despite the reclassification, the prices of SOL and ADA have seen lackluster performance in the past 24 hours.
In a significant regulatory update, the U.S. Securities and Exchange Commission （SEC） has reclassified ten cryptocurrencies, including Solana （SOL） and Cardano （ADA）, from securities to non-securities. This decision is part of an amended complaint in the SEC’s ongoing lawsuit against Binance. The amendment aims to avoid the need for the court to consider the sufficiency of the accusations at this time, thereby removing the securities classification for tokens such as SOL, ADA, MATIC, ATOM, SAND, MANA, BNB, BUSD, AXS, and COTI.
This announcement is expected to have a positive impact on the regulatory landscape for these tokens, as they are no longer considered securities under the SEC’s jurisdiction. However, despite this reclassification, the performance of Solana （SOL） and Cardano （ADA） over the past 24 hours has been lackluster. The price of SOL fell by 5.45% to $181.89, attempting to rebound from its local lows with a daily trading volume of $3.14 billion. Meanwhile, ADA’s price decreased by 3.00% to $0.406, also rebounding from recent lows with a daily trading volume of $297.59 million.
The reclassification of these tokens as non-securities is a crucial development for the cryptocurrency market, as it reduces regulatory uncertainty and potentially paves the way for greater adoption and investment. This move by the SEC reflects a more nuanced approach to regulating digital assets, acknowledging the unique characteristics and use cases of different cryptocurrencies.
For investors, this reclassification could mean reduced legal and compliance risks associated with holding and trading these tokens. It also highlights the importance of staying informed about regulatory changes that can impact the market dynamics of various cryptocurrencies.
解説
- The SEC’s reclassification of ten cryptocurrencies, including Solana and Cardano, from securities to non-securities is a significant regulatory development.
- This decision reduces regulatory uncertainty and may encourage greater adoption and investment in these tokens.
- Despite the positive regulatory news, the prices of Solana and Cardano have seen declines in the past 24 hours, indicating market volatility.
- Investors should stay informed about regulatory changes as they can have substantial impacts on the cryptocurrency market.
- The reclassification underscores the importance of a nuanced regulatory approach that considers the unique characteristics of different digital assets.