$DOGE #BTCMove #GuessBTCsBottom

THEO The recent decision by the SEC to withdraw its request to classify Solana ($SOL) as a security in the lawsuit against Binance has caused confusion. Despite this move, industry insiders, including Jake Chervinsky from Variant Fund, argue that there is no reason to believe that the SEC has changed its stance on Solana.

With the SEC updates and an ETF potentially on the horizon, will SOL regain its bullish momentum?

Cryptocurrency Politics of the SEC

Jake Chervinsky, legal director of Variant Fund, stated on X that there are no signs that the SEC currently views Solana as a non-security entity. He noted that the SEC's recent court filing, which no longer seeks a ruling on the security status of certain tokens, has led some to believe that the regulatory agency has changed its position.