Media: SEC classifies Solana as a security in talks with ETF issuers

The US Securities and Exchange Commission (SEC) held talks with ETF issuers, during which it expressed concerns about the legal status of Solana (SOL).

Following the discussions, the SEC and the Cboe BZX exchange came to a certain agreement. Following this, the platform removed the 19b-4 filings from two counterparties - VanEck and 21Shares - from its website.

According to the source, the parties agreed to remove the filings in order to "not create pressure on the Commission" due to the launch of the review process.

Despite the fact that Cboe BZX removed the 19b-4 filings of VanEck and 21Shares from its website, the counterparties' S-1 filings are still available - in the SEC registry and via a direct link.

Solana's Legal Status

In late July 2024, the SEC filed a motion to amend its lawsuit against Binance. In particular, the regulator stated that the court is no longer required to rule on the classification of 11 crypto assets, including Solana.

The community perceived this as the Commission's waiver of claims. However, this is probably just a ploy to speed up the proceedings.

Judging by new information in the press, the SEC still regards Solana as a security.