SEC VS CARDANO (ADA)

In a recent Twitter exchange, legal expert and digital assets enthusiast Bill Morgan criticized the SEC's classification of Cardano token, ADA, as a security. Morgan took to the public to express his doubts, questioning the regulator's reasoning behind this assertion.

Highlighting the nature of technological advancements, Morgan drew a parallel between the evolution of smartphones and the development of cryptocurrencies. He argued that when creators introduce improvements and share information about their product's features, it is merely an attempt to stay competitive and boost sales. However, he pointed out that the SEC seems to treat these efforts differently when it comes to cryptocurrencies like Cardano.