#CardanoDebate CARDANO ADA: THE DEBATE ON SECURITY AND THE REGULATORY LANDSCAPE

IOG and the Cardano Foundation disagree with the SEC's classification of ADA as a security

Input Output Global (IOG), the company behind Cardano, has strongly refuted the recent claim by the United States Securities and Exchange Commission (SEC) that Cardano's native token, ADA, is considered a security. IOG argues that ADA does not meet the criteria to be classified as a security under U.S. securities law. This dispute arises following the SEC's lawsuits against major cryptocurrency exchanges, Binance and Coinbase, which classified several cryptocurrencies, including ADA, as unregistered securities. The Cardano Foundation has also expressed its disagreement with the SEC's classification.