The new SEC chairman will make a decision on 15 types of altcoin and Meme token ETF applications

BlockBeats news, April 22, according to Decrypt, the new chairman of the U.S. Securities and Exchange Commission (SEC), Paul Atkins, will face reviews of 15 altcoin and Meme token ETF applications after officially taking office, exceeding 70 application documents. These applications include Solana, XRP, DOGE, Pengu, and some fund products linked to Meme coins, among which XRP leads in active ETF applications with 10 applications, followed by Solana ETF with 5 applications, and Litecoin and DOGE each with 3 applications. Bloomberg ETF analyst Eric Balchunas stated that there are currently 72 cryptocurrency-related exchange-traded fund applications awaiting feedback in the U.S., including requests for listing option products. This cryptocurrency-friendly new chairman will make the first ruling on which cryptocurrencies can be approved for listing as commodity trust products. Last year, the SEC approved Bitcoin and Ethereum spot ETFs during the tenure of former chairman Gary Gensler, marking a milestone moment for the cryptocurrency industry. Under the leadership of acting chairman Mark Uyeda, the SEC has begun to eliminate some regulatory uncertainty. In February, the SEC stated that it generally does not consider Meme coins to be securities. After the SEC postponed its decision on the XRP ETF in March, the final decision period may be extended to mid-October.