Somehow, as a result of these communications, and without engaging with the enforcement division of the SEC at all, the Polkadot community claims it was able to gain the SEC’s most sought-after designation for a crypto asset: not a security.
Further, that the SEC issued a no-action letter regarding DOT and that commissioners responded to press inquiries regarding DOT’s designation.
However, the SEC hasn’t provided any evidence for this highly unusual, unilateral announcement from Polkadot. There’s no comment from the SEC regarding this designation, nor has the Web3 Foundation cited a no-action letter or similar injunction.
‘Enforcement 40’ for 2020
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