Cardano (ADA) network developer Input Output Global (IOG) has denied claims for ADA, which is considered a security by the SEC.
Cardano developer IOG posted on its official website on June 7th, of the US Securities and Exchange Commission (SEC) ADA as a security opposed its characterization.
Developer SEC’s earlier in the week coinbase And to Binance opened against in the case files ADA securities aspect error of attribution claimed it was. Many of the files factual fallacy claiming to contain IOG, ADA’s securities cannot be counted stated.
ADA is not a security under US securities laws. It never did.
About the crypto industry responsible One regulation First of all, blockchain technology understanding IOG, which expressed the need for not hindering innovation And to consumer protection one who cares regulation framework cooperation on the development ready stated that he was in the situation. The IOG also noted that the SEC’s statements on this matter. floor must be done many ways that there is a mark attribute He also stated that he had
regulation through sanctions blockchain industry as well as consumers the clarity it deserves will not provide remarkable IOG, users of the right regulation will protect and people’s activity in the industry reasonable to show argued that it would create a framework.
SEC Binance And to Coinbase total of cases more than 20 cryptocurrency securities he had suggested.
Coinecko according to data 30 days in 12.5% value losing ADA, end 24 hours in 3.4% drop by living writing $0.315 traded at the level.