SEC and Crypto: Navigating Changes under New Leadership and the Arrival of Solana ETF
by aria-crypto.com
March 12, 2025 at 17:04
SEC and Crypto: Navigating Changes under New Leadership and the Arrival of Solana ETF
Despite the anticipation surrounding cryptocurrency ETFs, the SEC is not expected to approve any such applications until the new chair, Paul Atkins, is confirmed. The agency has recently postponed decisions on several cryptocurrency ETFs, including those for XRP, Solana, Dogecoin, and Litecoin, with industry analysts not finding the delays surprising. It has historically taken years for issuers to gain SEC approval to launch Bitcoin and Ether ETFs, highlighting the stringent regulatory criteria that these products must meet. Prospects for approval of alternative coin ETFs remain high, with estimated odds of happening by year's end if confirmation of the new chair goes through. Amidst these developments, Franklin Templeton has proceeded to file for a Solana-based ETF, signaling potential growth in regulated crypto investment options. This ETF, awaiting SEC review, will provide direct exposure to Solana and aims to tap into the growing institutional interest in this digital asset. If approved, it will represent a significant step in blending traditional and digital finance by offering a regulated, transparent investment avenue in the crypto space.
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