Solana and Polygon criticized the classification of tokens from the SEC
Date: 2023-06-12 Categories: BLOCKCHAIN
“We welcome the continued engagement of politicians as constructive regulatory partners to bring legal clarity on these issues to the thousands of digital asset entrepreneurs across the US,” the fund added.
The Polygon team also criticized the SEC's decision to classify the MATIC coin as a security.
Representatives of the project noted that the “global community-oriented” network was developed and deployed outside the United States. According to them, MATIC was a necessary part of Polygon's technology, which guaranteed the security of the protocol.
The regulator called MATIC and SOL, as well as a number of other tokens, securities in lawsuits against the Binance and Coinbase crypto exchanges.
According to CoinGecko, both assets are adjacent in terms of capitalization. The actions of the SEC have put strong pressure on the price of tokens - over the past week, SOL and MATIC have fallen in price by 29.5% and 28.5%, respectively.
