The US SEC has put off deciding on whether Solana, Cardano, and Filecoin are stocks. The SEC has changed its case against Binance so that these cryptocurrencies are no longer on its list of assets considered securities.
The Solana community is hopeful about this change, even though the coin’s price has been decreasing lately. The SEC said that Binance had broken several federal securities rules and that some of the digital assets that were, traded on Binance were securities.
The SEC recently told the court that it was going to change its mind about the “Third Party Crypto Asset Securities” it had brought up in its objection to Binance’s motion to dismiss. This change could mean a big change in how some cryptocurrencies are controlled in the U.S. This could make it easier to understand how many altcoins are regulated.
Even though the regulatory news was good, Solana’s price is still slow. It’s selling at about $182, down 5.51 percent in the last 24 hours. The prices of other altcoins have also changed slowly. But people in the community are still optimistic about Solana’s future and offer price targets that are also optimistic.
The SEC’s new legal method affects more than just Binance; it could affect how crypto assets are regulated all over the world. Many people in the crypto community think it’s a good thing that Solana, Cardano, and Filecoin were taken off of the SEC’s list of securities.
This will help investors have more faith in these digital assets and show that different cryptocurrencies have different roles and qualities in the digital economy.
