Variant Fund Chief Legal Officer: There is currently no reason to believe that the U.S. SEC has classified SOL as a non-security

ChainCatcher news, Jake Chervinsky, the Chief Legal Officer of the cryptocurrency-focused venture capital firm Variant Fund, stated on social media that he sees no reason to believe that the U.S. Securities and Exchange Commission currently views SOL as a non-security. In the Binance case, the SEC does not want to investigate a dozen tokens, which seems to be more of a litigation strategy rather than a change in policy. It is important to note that the SEC still refers to these tokens as securities in other trading cases.