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

Odaily Planet Daily News: Jake Chervinsky, Chief Legal Officer of Variant Fund, a venture capital firm focusing on cryptocurrencies, stated on social media that he believes there is currently no reason to consider the U.S. Securities and Exchange Commission (SEC) has classified $SOL as a non-security. In the Binance case, the SEC does not want to investigate dozens of tokens, which seems to be a litigation strategy rather than a policy change. It is important to note that the U.S. SEC still considers these tokens as securities in other trading cases.