The Solana (CRYPTO: SOL) ecosystem cheered on Tuesday after the Securities and Exchange Commission issued an interpretation clarifying that most cryptocurrency assets are not securities.
Solana Among Several Cryptos Declared Securities
Solana’s official handle took to X, pointing to the latest guidance that resolved a long-standing uncertainty over the fate of cryptocurrencies.
“After more than a decade of uncertainty, this interpretation will provide market participants with a clear understanding of how the Commission treats crypto assets under federal securities laws,” SEC Chair Paul Atkins said. “It also acknowledges what the former administration refused to recognize – that most crypto assets are not themselves securities.”