Cryptocurrency News

Class action lawsuit claims Solana’s SOL is an unregistered security

2022.07.08 08:40

Class action lawsuit claims Solana's SOL is an unregistered security
Class action lawsuit claims Solana’s SOL is an unregistered security

Solana Labs is the latest crypto company to be hit with a lawsuit accusing it of promoting an unregistered security.

The class action was filed on July 1 by Roche Freedman LLP and Schneider Wallace Cottrell Konecky in the district court for the northern district of California on behalf of plaintiff Mark Young, a state resident.

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