TMS Network (TMSN) Experiences Remarkable Upsurge in Q3
The fate of cryptocurrencies Solana (SOL) and Polygon (MATIC) is currently in question amid the U.S.Securities and Exchange Commission’s (SEC) latest moves.With Solana facing potential hard fork decisions and Polygon (MATIC) price plummeting due to an SEC lawsuit, the crypto landscape seems in flux.As Polygon (MATIC) and Solana (SOL) instability rage on,
TMS Network (TMSN), a decentralized trading platform, is making waves with its significant market surge.
SEC’s Regulatory Pressure Sparks Solana (SOL) Hard Fork Speculations: Leading Developer Sheds Light
Solana (SOL), a prominent fourth-generation blockchain, faces potential hard fork debates among its community as the United States Securities and Exchange Commission (SEC) considers Solana (SOL) and other tokens as unregistered securities.
Matías Kudelski, a respected developer and cybersecurity expert within the Solana (SOL) ecosystem, provides insight into these discussions.
Kudelski, actively involved in key projects deployed on Solana, clarifies that neither the Solana Foundation nor most developers are considering a hard fork currently.
This speculation about Solana (SOL) potential hard fork emerged in the context of the SEC’s legal accusations against Binance and Coinbase.The SEC alleges that they operated unregistered exchanges featuring unregistered assets like Solana (SOL) native token, SOL.
If an asset passes the Howey Test, a test used to determine if an asset is considered a security, it requires SEC registration for public sales like an initial coin offering (ICO).Non-compliance could lead to significant civil and criminal repercussions.
The Solana (SOL) community remains divided over a hard fork’s possible pros and cons.Some reference the successful Ethereum and Ethereum Classic fork as an example of benefits, arguing that a hard fork could reduce the influence of Alameda Research, which holds a significant percentage of total Solana (SOL) supply.
However, skeptics argue a hard fork might weaken Solana’s security and attract further regulatory scrutiny.As the SEC’s pressure intensifies, Solana’s future remains uncertain.
SEC’s Security Labeling Shakes Polygon (MATIC): Price Tumbles Amid Growing Investor Uncertainty
The SEC’s recent labeling of Polygon (MATIC) and 11 other cryptocurrencies as securities have sent ripples through the crypto trading landscape.Polygon (MATIC) has seen a significant price drop, as the new categorization equates them to stocks, heightening regulatory pressures.This may push major crypto exchanges to delist them to avoid potential regulatory scrutiny.
Gary Gensler, a former Goldman Sachs investment banker and well-known critic of the crypto industry, has been lobbying for such a categorization.He views most cryptocurrencies as securities, emphasizing their need for stricter regulation.Gensler’s negative perception of the crypto industry was vocalized in a recent speech at the Piper Sandler Global Exchange and FinTech Conference in New York City, further intensifying investor anxieties.
The uncertainty stemming from the SEC’s lawsuit, which could take several months to resolve, is causing a significant downfall for Polygon (MATIC).
Market analysts have raised concerns that the price of Polygon (MATIC) could plummet to zero if the SEC’s lawsuit against Binance and Coinbase prevails.This legal contention and the resulting investor exodus could severely impact Polygon (MATIC) and the other 11 tokens implicated in the lawsuit.
TMS Network (TMSN) Records Impressive Growth
A new decentralized exchange,
TMS Network (TMSN), has swiftly carved a niche in the crypto sphere, causing excitement among investors.TMSN, a unique bridge between traditional finance and the crypto world, has leveraged its innovative platform to enable seamless trading of cryptocurrencies, CFDs, forex, and equities.This adaptability has significantly bolstered TMSN’s standing in the crypto investment landscape.
TMSN has been on a formidable rise since its stage 1 presale, capturing global investor interest.The value trajectory of TMSN has been steep, moving from a modest $0.025 during the stage 1 presale to $0.05 in stage 2 and further soaring to $0.078 in the stage 3 presale.
This upward trend continues unabated in the current stage 4 presale, with
TMS Network (TMSN) trading at an impressive $0.11, underscoring its substantial growth potential.
Demonstrating an astounding 300% appreciation during its ongoing Initial Coin Offering (ICO), TMSN’s ascension shows no signs of slowing down.The robust momentum thus far suggests a bright future for this hybrid market disruptor, blurring the lines between traditional finance and the dynamic world of cryptocurrencies.
Join the Presale:
Presale:
https://presale.tmsnetwork.io/
Website:
Telegram:
Twitter:
https://twitter.com/tmsnetworkio
Disclaimer: Any financial and crypto market information given on Analytics Insight is written for informational purpose only and is not an investment advice.Conduct your own research by contacting financial experts before making any investment decisions.
The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Analytics Insight of being absolved from any/ all potential legal action, or enforceable claims..
