Solana, Cardano ‘left out to dry’ in SEC-Binance case, claim Ripple execs

SEC's move to retract third party tokens like SOL as security in Binance lawsuit and not Coinbase has raised concerns amongst the community.

“More evidence of SEC hypocrisy. Chair Gensler testifies the rules are clear, yet his SEC can’t figure them out and applies them haphazardly, festering more industry confusion.”proposed

amending and retracting the security label against third-party tokens listed on Binance. The agency’s shift in stance came a week after the approval of ETH ETFs, which the SEC initially also deemed ‘security.’However, the SEC’s move doesn’t mean that Binance charges are being dropped altogether. In fact, it also doesn’t mean that the agency views SOL as a non-security.

Put differently, the SEC’s lack of clarity, especially on tokens on exchanges, still exists despite the recent U.S. pivot. How Binance will react to likely new claims brought forward by the agency remains to be seen.Benjamin is a Telecommunication Engineering graduate who is passionate about crypto-markets and unraveling market trends. Armed with charts and patterns, he's interested in making the intricate, complex landscape of digital assets more palatable for every user.

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