SEC Concedes on Solana. But a SOL ETF Isn't Any More Likely: Here's Why

The SEC amends its Binance suit, sparking hope among altcoin holders. The move seems to be a tactical maneuver by the agency.  Experts explain why the SEC's change doesn't boost Solana ETF approval odds. Altcoin traders have welcomed the latest development in the Binance lawsuit when the U.S. Securities and Exchange Commission (SEC) amended its accusations against altcoins. In particular, the SEC now seeks to avoid setting a precedent on whether or not these altcoins, including Solana (SOL), are securities.  Because the ruling could set a precedent for all altcoins, many altcoin holders hailed the decision as a victory.

Continue reading on DailyCoin.