

The SEC Temporarily Suspends Its Allegations That SOL, ADA, and MATIC Are Unregistered Securities
Jul 31, 2024 am 12:25 AMThis decision comes amid the ongoing legal proceedings against Binance, one of the world's leading cryptocurrency exchanges.
The U.S. Securities and Exchange Commission (SEC) has announced a temporary suspension of its allegations that the native crypto assets of Solana, Cardano, and Polygon are unregistered securities. This decision comes amid the ongoing legal proceedings against Binance, one of the world’s leading cryptocurrency exchanges.
In a joint status report submitted to the U.S. District Court for the District of Columbia on July 29, the SEC indicated plans to amend its complaint against Binance. The amendment includes potential changes regarding “third party crypto asset securities,” which could offer temporary relief to these assets. This pause is significant as the named tokens have faced intense scrutiny and subsequent delistings from trading platforms, stemming from the ongoing case and associated regulatory concerns.
The joint response details an agreed-upon schedule between the SEC and Binance for briefing the motion to amend and related pleadings. The SEC is expected to file its motion to amend within 30 days following the court’s scheduling order.
While this development provides a temporary respite for investors in Solana (SOL), Cardano (ADA), and Polygon (MATIC), it remains uncertain whether these tokens will ultimately be classified as securities under U.S. law.
According to market data from crypto.news, Solana (SOL) has dropped over 5% in the last 24 hours, while Cardano (ADA) and Polygon (MATIC) have both seen a slight decrease of around 1%.
The above is the detailed content of The SEC Temporarily Suspends Its Allegations That SOL, ADA, and MATIC Are Unregistered Securities. For more information, please follow other related articles on the PHP Chinese website!

Hot AI Tools

Undress AI Tool
Undress images for free

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Clothoff.io
AI clothes remover

Video Face Swap
Swap faces in any video effortlessly with our completely free AI face swap tool!

Hot Article

Hot Tools

Notepad++7.3.1
Easy-to-use and free code editor

SublimeText3 Chinese version
Chinese version, very easy to use

Zend Studio 13.0.1
Powerful PHP integrated development environment

Dreamweaver CS6
Visual web development tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

The lawsuit, filed Sunday (Nov. 10) by the FTX bankruptcy estate, centers around what FTX labeled a “fraudulent” share deal.

In a recent video analysis, Crypto Banter has identified key meme coins poised for major exchange listings, including the possibility of debuting on Binance.

The minutes recently released by the Securities and Exchange Commission (SEC) show that the SEC Cryptocurrency Working Group (CTF) has held talks with Fidelity Investment and MITRE to discuss many key issues in crypto asset regulation. SEC and Fidelity: Pledge of crypto ETFs and related rules At this meeting, SEC and asset management giant Fidelity had in-depth exchanges on the issue of crypto asset supervision. Discussions cover: Customer protection rules related to brokerage dealers' interaction with digital asset securities (Rule15c3-3). Formulate standardized listing rules for digital asset exchange-traded products (ETPs). Clarify ETF pledged assets and operating specifications. Monitoring of blockchain tokens and financial instrument-related rewards (such as pledge income, liquidity mining)

Throughout the bull run, different crypto's will surge at different times. Dogecoin and Cardano are already soaring before Bitcoin surpasses the $100,000 milestone

The crypto market today has been showcasing an upbeat momentum since Asian trading hours, with the market cap climbing by 1.74% to $3.08 Trillion.

Despite being separated by only one position in market rankings, the gap between Dogecoin and Solana has become a talking point for investors.

In addition to surpassing earlier highs, Bitcoin has reached a critical price level of $92,000, which has strengthened its position in the current bullish cycle.

Signs of a change in US cryptocurrency regulatory policy: Robinhood and OKX case analysis Recently, US regulators' regulatory attitudes towards the cryptocurrency field have undergone subtle changes. Robinhood Crypto (RHC) successfully escaped from the Securities and Exchange Commission (SEC) investigation, while OKX's subsidiary AuxCayes FinTechCo. Ltd. reached a settlement with the U.S. Department of Justice (DOJ) to pay a $84 million fine. Together, these two incidents reveal dynamic adjustments in the US cryptocurrency regulation and the efforts of companies to actively adapt to the compliance environment. RobinhoodCrypto wins: SEC terminates investigation 2025 2