Polkadot & Kusama Parachain News | NEW ALTCOIN TO BUY IN 2023 | Polkadot & Kusama 🔴 LIVE Update

Polkadot & Kusama Parachain News | NEW ALTCOIN TO BUY IN 2023 | Polkadot & Kusama 🔴 LIVE Update

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Polkadot (DOT) is asserting to the U.S. Securities and Exchange Commission (SEC) that the interoperability blockchain’s native token no longer counts as a security.

In a new blog post, Daniel Schoenberger, the Web3 Foundation’s chief legal officer, tells the SEC that DOT has transformed from a security into software and no longer falls under the regulatory agency’s jurisdiction.

“Over the years, we have developed what we believe is a workable theory of how token morphing may be achieved for an increasingly decentralized project, like Polkadot, and a digital asset that, other than having been offered and sold initially for fundraising purposes, does not, itself, bear security-like characteristics. We have shared this theory many times with the SEC…

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