Lightspeed Newsletter: No, the SEC didn’t say SOL isn’t a security

Howdy!

Last night, I walked past an ambulance that belonged to some sort of ambulance startup named, I kid you not, “Ambulnz.”

I get it, there are a lot of companies. They can’t all have top-shelf names. But for your own sake, if you’re naming a startup, just use real words with spellings that are clear to pronounce. Anyways:

No, the SEC didn’t say SOL isn’t a security

On Tuesday, a new filing in the SEC v. Binance case revealed that the SEC intends to drop its allegation that a host of Binance-listed tokens including SOL are securities, meaning the court would not need to issue a ruling on whether SOL is a security.

The SEC initially brought 13 charges against Binance last…

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