"Notably, the U.S. regulator’s latest enforcement action has recognized Cardano’s ADA, Solana (SOL), Polygon (MATIC), and others as unregistered securities."
The SEC's charges against US Crypto marketplace Kraken revealed their new classification of many large-cap altcoins. If this stands, many pre-mined altcoins could be subject to SEC regulation. $ADA - one of the last few weeks' biggest gainers - is down 7% in the last 24 hours. How did Kraken respond to this?