According to Cointelegraph, the U.S. Securities and Exchange Commission (SEC) has opened public comments on two cryptocurrency exchange-traded fund (ETF) applications submitted by asset management company Franklin Templeton, which are proposed to be listed on the Chicago Board Options Exchange BZX.
In a filing on Tuesday, the SEC stated that it has initiated procedures to allow U.S. exchanges to list and trade shares of the Franklin XRP ETF and Franklin Solana ETF. The Cboe BZX exchange submitted a rule change application to the SEC in March, and the SEC delayed its decision in April.
The SEC stated that the initiation of procedures does not mean that conclusions have been reached on the related issues, but rather encourages interested parties to provide comments on the proposed rule changes. The SEC's notice will extend the deadline for deciding whether to approve the Franklin Templeton ETF by 35 days.
Under the leadership of the Trump administration and Chairman Paul Atkins, the SEC changed its approach to regulating digital assets, withdrawing several high-profile enforcement actions against cryptocurrency companies. Trump proposed that XRP and Solana be part of the U.S. cryptocurrency reserves.
