On July 31st, Jake Chervinsky, the Chief Legal Officer of Variant Fund, a venture capital firm focused on cryptocurrency, stated on social media that he believes there is currently no reason to believe that 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 should be noted that the SEC still classifies these tokens as securities in other trading cases.