Solana Foundation: Firmly believes that SOL is not a security.

According to BlockBeats news on June 9th, Solana Foundation has objected to the U.S. Securities and Exchange Commission's (SEC) classification of its SOL token as an unregistered security, stating in a statement that "Solana Foundation firmly believes that SOL is not a security. SOL is the native token of the Solana blockchain, which is a powerful, open-source, community-based software project that relies on decentralized participation from users and developers for expansion and development."