The Securities and Exchange Commission (SEC) has taken aggressive action against Binance and Coinbase, causing market panic and lowering asset prices. However, Solana, Polygon, and Cardano have issued statements asserting that their respective assets (SOL, MATIC, and ADA) are not securities according to US laws. They argue for regulatory clarity to resolve the ongoing issues between the SEC and digital assets. The organizations claim that the lawsuit will not affect the operations of their assets and attempt to distance themselves from the US market. Mark Cuban also calls for new regulations from Congress to address the uncertainty surrounding securities.
AI Sentiment: Positive