The U.S. Securities and Exchange Commission (SEC) is once again targeting Solana and Cardano, this time as part of its legal battle against Kraken. The SEC filed a lawsuit against Kraken, one of the sphere’s leading crypto exchanges, on Nov. 20, alleging several violations. Kraken, un intercambio de criptomonedas, se encuentra una vez más en la mira regulatoria cuando la Comisión de Bolsa y Valores de EE. UU. (SEC) inicia una nueva demanda. The lawsuit centers around the SEC’s classification of 11 cryptocurrencies, including Solana (SOL), Cardano (ADA), and Polygon (MATIC), as securities.

Kraken has called for a jury trial, challenging the SEC’s classification of these cryptocurrencies. This legal battle intensifies the debate surrounding the regulatory status of digital assets, particularly SOL and ADA.

The SEC’s actions are causing ripples throughout the crypto market, raising concerns about the future of these projects and the overall regulatory landscape. The U.S. Securities and Exchange Commission (SEC) has initiated a new lawsuit against cryptocurrency exchange Kraken, classifying cryptocurrencies like Cardano.

Notably, Both Input Output Global (IOG), the developer firm behind the Cardano blockchain, and the Solana Foundation have rejected the regulator's claims of ADA and SOL being securities, setting the stage for a potentially lengthy and complex legal showdown. This development is crucial for understanding the evolving relationship between crypto platforms and regulatory bodies.

Stay updated on the latest developments in the SEC vs. Kraken lawsuit and its potential impact on Solana (SOL), Cardano (ADA), and the broader cryptocurrency market. This legal case could have significant implications for the future of crypto regulation.