chrollo
14.1K posts


US Regulators (SEC+CFTC) did something crucial
they recently classified SOLANA as a comodity 🗣️
what this means for 👇
a) @raikucom & @Arcium
b) the SOL Ecosystem
c) airdrops in general
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SEC and CFTC classified Solana (SOL) + 15 other cryptocurencies as a digital commodities & no longer as securities
SEC Chair Atkins called it a -> turning point <-
commodity = raw materials or functional tokens like gold, oil, BTC -> their value is driven by market forces and utility
comodities - regulated by CFTC (relax mode) - fewer rules
security = token SOLD with promises of future returns tied to a team's ongoing work
securities - regulated by SEC (anti-crypto) - strict rules
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[ what this means ]
→ less risk of SEC enforcement risk
→ less legal friction for approving SOL ETFs
→ institutional custody without absurd securities formalities
→ you can build DeFi on Sol without constant fear of securities laws violations
→ staking on Solana is confirmed non-securities activity
→ airdrops are also clasified as non-security crypto assets as long as they don't imply a prior ''investment of money'' (first criteria of the Howey test)
FINAL IDEA → products with solid market fit like @raikucom or @Arcium are poised to thrive in the next cycle
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A great time to be bullish on $SOL & the eco 🐉☂️
Raiku 🐉@raikucom
The SEC just classified Solana as a digital commodity. This is a huge deal! Read more from our head of growth on why it matters👇
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