The Cardano Foundation has denied claims by the U.S. Securities and Exchange Commission (SEC) that Cardano (ADA) is among the securities hosted on the Binance platform. In response to the SEC's recent lawsuit against Binance, the foundation expressed disagreement with the classification of ADA as a security under U.S. law but expressed openness to dialogue with policymakers in seeking legal clarity.

“We look forward to the continued engagement with regulators and policymakers to achieve legal clarity and certainty on these matters,” said Frederik Gregaard, CEO of the Cardano Foundation, as quoted in a Fortune Magazine article.