The SEC is withdrawing the request to classify ADA, MATIC, and SOL as securities in the Binance process. Affected tokens include ADA, MATIC, SOL, BNB, BUSD, and others. The change in the SEC's stance follows increasing political support for cryptocurrencies in the US. In a notable shift in regulatory stance, the U.S. Securities and Exchange Commission (SEC) has withdrawn its request.
The post first appeared on CoinJournal.