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Fortune
Fortune
Ben Weiss

INSANE: Solana foundation denies that sol is a security | Rare Historical Photos

Raj Gokal speaks at conference in 2022. (Credit: Jeenah Moon—Bloomberg/Getty Images)

The Solana Foundation remained quiet for days after the Securities and Exchange Commission said that SOL, the native token on the Solana blockchain, was an unregistered security in lawsuits against Binance and Coinbase.

But on Thursday, the Foundation finally fought back against the SEC’s allegations.

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