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SEC is coming after SOL, ADA, MATIC now

All Cryptocurrencies

by COINS NEWS 47 Views

It looks like the SEC is up to their old tricks again, doing what they do best which is omnibus a bunch of securities infractions into a legal complaint and try to use that as precedent for regulation.

In the lawsuit they claim that all of these tokens are securities:

-Solana

-Polygon

-Cardano

-Filecoin

-Cosmos

-Decentraland

-Algorand

-Sandbox

-COTI

-AXIS

Looks like theyre really committed to the rapid fire approach. This shouldnt hold up because they would actually have to argue individually that each project is a security but it shows how little they care to do so. Feels like more of a warning shot saying “yeah we really dont like these ones”. Im sure theres more that they have this opinion on but “Schroedinger’s securities” i guess we will have to wait and see

submitted by /u/marsangelo
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