The cryptocurrency market is rapidly changing, with regulatory scrutiny and project developments constantly shaping its trajectory. Today, we explore two recent developments: the classification of Solana and Polygon as securities by the Securities and Exchange Commission (SEC) and Tradecurve’s Stage 3 presale progress. These updates shed light on the evolving regulatory environment and the advancement of innovative projects within the crypto industry. Let’s begin.
Summary
- The SEC claims Solana and Polygon are securities
- Both Solana and Polygon crashed after this news
- Tradecurve and its Stage 3 presale nearly 50% complete
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Solana (SOL) and Polygon (MATIC) get drawn in the Binance lawsuit
In a recent development, the SEC has labeled Solana and Polygon as securities in a lawsuit involving Binance. This classification by the SEC adds a new layer of complexity to the regulatory landscape surrounding Solana and Polygon.
The lawsuit alleges that Binance, one of the largest cryptocurrency exchanges, facilitated the trading of Solana and Polygon, which the SEC labels as securities, without proper registration or compliance with securities laws. The SEC’s decision to label Solana and Polygon as securities implies that their issuance and trading may fall under existing securities regulations.
This news caused both prices of Solana and Polygon to crash as they are trading hands at $19.89 and $0.8037 – a fall of 4.85% and 7.75%, respectively. This development underscores the growing scrutiny from regulators towards cryptocurrencies and highlights the importance of regulatory compliance for projects such as Solana and Polygon operating in the industry. It also serves as a reminder for platforms and exchanges to navigate the regulatory landscape carefully and ensure compliance to avoid potential legal consequences.
Tradecurve (TCRV) and its Stage 3 progress
In contrast to the regulatory challenges faced by Solana and Polygon, Tradecurve, an innovative platform allowing all derivatives to be traded on a single account, is making significant progress in its presale. With millions of tokens sold already, the Tradecurve Stage 3 presale is now at 45.48% of its completion.
As the hype for this decentralized, borderless trading platform grows, the presale of Tradecurve will continue advancing – and so will its price. Currently, the TCRV native token can be bought for just $0.015, but when Stage 4 rolls around, that price will surge to $0.018. This will happen sooner rather than later, given that investors are flocking to it since they will obtain governance voting rights, passive income through staking, access to VIP status, and more when the platform launches.
Traders are excited about Tradecurve since access to advanced trading tools and high-leveraged assets can be tricky (due to regulations depending on location). Still, Tradecurve will solve this issue by allowing high leverage starting at 500:1, subscriptions to automated & AI trading tools, and more.
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Also, those who are more privacy-focused may find Tradecurve the perfect trading platform as it eliminates any sign-up KYC checks and allows users to create an account using an email only, link it to a crypto wallet, and begin trading. This will ensure complete anonymity while navigating the online trading industry and a private trading environment where your data remains protected.
Beginner traders will also be able to enroll in the metaverse trading academy, where they will learn new strategies from trading experts and more. If someone does not have the time for this, then the copy trading feature will be excellent as it allows Tradecurve users to subscribe to other individuals, copy their trades, and profit from their choices.
Only 40% of the 1.8B token supply will be available during the TCRV presale, and demand is high. Some market analysts even forecast a 50x value increase when the presale finishes. In addition, TCRV may get listed on a major Tier-1 CEX or Uniswap following its launch, which could trigger a 100x value rally. As Tradecurve moves closer to completing this stage, it demonstrates its commitment to delivering a robust and comprehensive trading ecosystem, which you can now be a part of by signing up for its presale below.
For more information about the Tradecurve presale:
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