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Debate on Hard Fork Possibility for Solana's SOL Token After SEC Classification as Security

June 15 (Cointime) - There is a debate on Crypto Twitter about the possibility of a hard fork following the SEC's classification of Solana's SOL token as a security. However, Solana developers have not yet given their opinion on the matter.

Some members of the community believe a hard fork could make the protocol more decentralized, while others are concerned about the potential risks, including delisting from exchanges and the unclear relationship between Solana and FTX.

The absence of Solana co-founder Anatoly Yakovenko from Twitter for the next 4-6 weeks adds to the uncertainty. A proposal has been made to fork Solana to remove balances from certain accounts, including FTX's 8.2% holdings, but this could lead to an unstoppable forking situation if balances become too high. One commentator warned that forking without Yakovenko would be self-defeating.

Solana Solana $254.35
+0.34%
Solana security decentralization
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