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Thursday, September 19
SEC Clarifies Why Terra Luna Classic, Polygon & 3 Other Crypto Are Securities
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SEC Clarifies Why Terra Luna Classic, Polygon & 3 Other Crypto Are Securities

coingape-comBy No Comments1 Min Read

In a recent litigation filed by the SEC against Consensys, the Securities and Exchange Commission has clarified its stance on the classification of several prominent cryptocurrencies as securities. These include Terra Luna Classic (LUNA), Polygon (MATIC), The Sandbox (SAND), Chiliz (CHZ), and Decentrland (MANA). This legal action underscores the SEC’s contention that these digital assets were initially offered and sold as investment contracts.

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