SOL is not a security, says the Solana Foundation
![SOL is not a security, says the Solana Foundation](https://cryptoinvestment.at/wp-content/uploads/2023/06/sol-is-not-a-security-says-the-solana-foundation.jpg)
The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase.
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The SEC has labeled the SOL token as a security in two separate lawsuits filed on June 5 and June 6 against crypto exchanges Binance and Coinbase.