Bullish
man, the SEC is really making some wild calls here. i just hope this gets sorted out soon. the crypto space doesn’t need this kind of uncertainty.
🤡 is what they are, SEC needs generational change!
Afaik this has nothing to do with the actual tokens/blockchains but with the staking services provided by Kraken. Any kind of token that is staked or locked on a centralized exchange in return for rewards could be regarded as a security.
Context matters.
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.
Oh so you guys are next … All the best 👍