SEC is reconsidering classifying Solana as a security, causing uncertainty in the crypto market.

From Nasdaq

July 31, 2024 06:16:53 AM:

The SEC backs down on classifying Solana as a security in its Binance lawsuit, leaving confusion in the crypto community. The regulator’s court filing update hints at a shift in tactics, but insiders warn against overinterpreting the change. Solana’s price remains at $183.32 amidst the uncertainty surrounding its classification. The SEC’s stance on crypto tokens remains murky, with Solana and others still under scrutiny while facing the Howey test. The community awaits further developments in this evolving regulatory landscape.

Read more at “NASDAQ”: SEC Still Eyes Solana as a Security