Close Menu
CryptoHoppers.comCryptoHoppers.com
    What's Hot

    WIF, HNT, CORE, and PEPE boast over 40% in weekly gains

    July 22, 2024

    Arbitrum activates Atlas upgrade, readies for additional fee reductions on March 18

    March 16, 2024

    Comment on ‘Black Monday’ Vibes Prevail as the Crypto Market Crashes Amid Heightened Geopolitical Tensions by Solana Reclaims $130 Shaking Up 12-Month Lows

    April 13, 2025
    Facebook X (Twitter) Instagram
    • Privacy Policy
    • Get In Touch
    Facebook X (Twitter) Instagram
    CryptoHoppers.comCryptoHoppers.com
    • News

      Sonic price prediction 2025, 2026, 2027-2031

      September 3, 2025

      Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

      September 2, 2025

      Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

      September 1, 2025

      Bitcoin Treasury Race Heats Up As Dutch Firm Shoots For $23-M Launch

      August 31, 2025

      Memecoin with high growth potential in 2025

      August 29, 2025
    • Technology

      Can $0.23 hold after volatile Trump token launch?

      September 3, 2025

      Solana Set to Approve Alpenglow, Slashing Finality to 150ms

      September 1, 2025

      Philippines May Become First Country to Put Entire National Budget on Blockchain

      August 31, 2025

      Why MicroStrategy clones are choosing Solana over Bitcoin for corporate treasuries

      August 30, 2025

      XRP price could rocket past $5 in September as catalysts ignite

      August 29, 2025
    • Learn/Guide

      Fed to host October conference on stablecoins, DeFi, AI, and tokenization

      September 3, 2025

      Pineapple Financial launches $100M Injective treasury, first public company to hold INJ

      September 2, 2025

      Hong Kong University’s business school considers accepting Bitcoin for tuition and donations

      August 31, 2025

      Reddit sunsets Collectible Avatar Creator Program and shifts royalties to artists

      August 30, 2025

      SBI-backed game maker Gumi announces $17 million XRP purchase

      August 29, 2025
    • NFTs

      Slimesunday’s Magnum Opus: ‘Banned from New York’ Blows the Lid Off Digital Censorship | NFT CULTURE | NFT News | Web3 Culture

      July 22, 2025

      1mouth Analog: miirror’s Raw Leap from Digital to Handmade Chaos | NFT CULTURE | NFT News | Web3 Culture

      May 9, 2025

      NFTCulture Expands Into TCGs with Cardcore.xyz: Where Digital Collectibles Meet Competitive Play | NFT CULTURE | NFT News | Web3 Culture

      May 8, 2025

      From Moonshots to Broken Links: The Rise and Fall of CloneX | NFT CULTURE | NFT News | Web3 Culture

      April 24, 2025

      Pacific Spirit: Vinyl Meets Code in a Groundbreaking Generative Drop on Art Blocks | NFT CULTURE | NFT News | Web3 Culture

      April 16, 2025
    • Regulation

      KuCoin Taps Vietnam’s VBA in Push for 2025 Blockchain Strategy

      September 3, 2025

      Crypto Investors Face New Rules as South Korea Joins OECD’s Reporting System

      September 2, 2025

      Japan Post Bank to Roll Out Yen-Backed Digital Currency in 2026

      September 1, 2025

      Russia to Impose Stricter Rules on Banks Handling Crypto Transactions

      August 30, 2025

      CFTC Greenlights Offshore Crypto Access

      August 29, 2025
    • Business

      Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

      August 27, 2025

      Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

      November 17, 2024

      Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

      November 16, 2024

      Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

      November 15, 2024

      Bitcoin Mining Company Mara Holdings Now Holds 26,747 Bitcoin: Q3 Earnings Report Reveals

      November 14, 2024
    • Live Pricing
    CryptoHoppers.comCryptoHoppers.com
    Home » Polkadot Insists That DOT Has ‘Morphed’ From Security Status
    Business

    Polkadot Insists That DOT Has ‘Morphed’ From Security Status

    June 8, 20233 Mins Read
    Facebook Twitter Pinterest LinkedIn Tumblr Email
    Polkadot Insists That DOT Has ‘Morphed’ From Security Status
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The Web3 Foundation, which supports the Polkadot protocol, has once more presented its argument that its native DOT token is not a security. The Foundation reminded the world that, in its eyes, it has conformed to SEC requirements and DOT should no longer be considered a security.

    In a recent Twitter thread, the foundation insisted on its Efforts to comply with the United States securities laws, and Securities and Exchange Commission guidance concerning the digital assets, and declared that DOT had successfully “morphed” and is software, not security.

    The Web3 Foundation reposted an excerpt from a December Twitter Space where Angela Dalton, who is identified as an adviser to the foundation, described how representatives accepted the SEC’s invitation to “come in and talk to us.” Consequently, the foundation said:

    “The Foundation made sure the SEC’s full vision of token morphing was addressed, […] as well as taking steps to manage the distribution of the DOT token so that no individual holds a large percentage of the network, turning down purchases from VCs interested solely in investment purposes, and promoting the tech but not the token.”

    The foundation concluded:

    “The Foundation is confident DOT has morphed and is not a security. It is software.”

    Polkadot is a multichain protocol that had up to 66 blockchains operating on it and its Kusama parachain network as of October 2022. The Web3 Foundation was launched by Gavin Wood, a co-founder of Ethereum, and released the Polkadot white paper in 2016. Polkadot completed its unveiling in December 2021 when it rolled out parachains, based on a Medium post.

    1/ @Polkadot‘s native token DOT is, and always has been, co-ordinating software. Following W3F’s announcement on DOT morphing into a non-security, read the thread below to learn how DOT was able to morph, what Polkadot is, and the primary goals of the network. pic.twitter.com/sAnU56GnIh

    — Web3 Foundation (@Web3foundation) January 26, 2023

    The Foundation said in the post:

    “Our experience has been a positive one. The SEC has welcomed meetings with the Web3 Foundation, and there has been a spirit of open communication and dialogue.”

    The Web3 Foundation first declared DOT a non-security in November. Its position has so far not received confirmation from the SEC. The Foundation’s argument echoes the key points in the SEC case against Ripple. ‘Morphing’ is a concept that was put forward in a speech that was delivered by former SEC official William Hinman at the Yahoo Finance All Markets Summit in June 2018.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Metaplanet Is About to Drop $881M Into Bitcoin, Here’s the Timeline

    August 27, 2025

    Sri Lanka’s E-commerce Platform Kapruka to Introduce Crypto Payments

    November 17, 2024

    Leading Eastern European Exchange Exmo Sells Business in Russia, Belarus

    November 16, 2024

    Bank of Russia to Launch Digital Ruble Payment Infrastructure by July 2025

    November 15, 2024
    Top Posts

    Japan’s Finance Regulators to Reform Crypto Gaming Laws

    October 12, 2024

    Saylor says Warren Buffett’s Berkshire Hathaway is Bitcoin of 20th century

    May 4, 2025

    Whales’ fluctuating interest pushes crypto into a state of flux

    June 12, 2023

    Welcome to CryptoHoppers.com! Stay informed with the latest updates, trends, and insights from the dynamic world of cryptocurrencies. From Bitcoin to altcoins, blockchain technology to decentralized finance (DeFi), we cover it all. Discover expert analysis, market trends, regulatory developments, and exciting innovations shaping the crypto industry.

    Top Insights

    Sonic price prediction 2025, 2026, 2027-2031

    September 3, 2025

    Crypto Exchange Gemini Shares IPO Details, Aims to Raise $317M

    September 2, 2025

    Japanese gaming firm Gumi bets $17 mln on XRP, skips Ethereum: Here’s why

    September 1, 2025
    Advertisement
    Demo
    CryptoHoppers.com
    Facebook X (Twitter) Instagram
    • News
    • Technology
    • Learn/Guide
    • Regulation
    • NFTs
    • Business
    • Live Pricing
    © 2025. Designed by CryptoHoppers.com.

    Type above and press Enter to search. Press Esc to cancel.