It has nothing to do with staking, if you read the actually SEC filling, solana is listed as a security because their various marketing efforts would lead buyers of SOL to expect return on their investment. If you want to read it yourself, it’s a 90 page document and the details on SOL are
around pg 80-90.
It has nothing to do with staking, if you read the actually SEC filling, solana is listed as a security because their various marketing efforts would lead buyers of SOL to expect return on their investment. If you want to read it yourself, it’s a 90 page document and the details on SOL are around pg 80-90.
If that’s the case, the solana received by those investors might be considered a security, not the token in and of itself.