🧵 1. SEC seeks to put on hold claims that Solana, Cardano, and Polygon are unregistered securities in Binance lawsuit, filing reveals. #crypto
🧵 1. SEC seeks to put on hold claims that Solana, Cardano, and Polygon are unregistered securities in Binance lawsuit, filing reveals. #crypto
🧵 2. Proposed amendment to Binance lawsuit aims to "table" the allegations against these cryptocurrencies, but they're not in the clear yet.
🧵 3. Amendment doesn't equal dropping the security allegation; SEC intends to avoid a present ruling on these tokens' status in court, the regulator states.
🧵 4. In a nutshell, SEC agreed to delay the matter for now, but the judge could still decide if these tokens meet securities criteria in the future.
🧵 5. Discovery process could shape the future as SEC and Binance negotiate schedule for sharing evidence in lawsuit. Binance seeks to delay this step.
🧵 Read more at: https://decrypt.co/242315/sec-might-shelve-allegation-that-solana-is-a-security-in-binance-lawsuit