The SEC has delayed decisions on the Grayscale Hedera Spot ETF and Franklin Solana Spot ETF applications, contributing to an extensive backlog of over 70 crypto ETF applications. This has raised caution and anticipation in the crypto community, as further evaluations are prioritized.
Market implications arise from these postponements, with uncertainty surrounding institutional access to crypto products. An SEC official emphasized the need for adequate time to assess proposed rule changes.
Past delays suggest a cautious regulatory approach, aiming for stability as seen in previous advisory resolutions. The crypto community remains hopeful under new SEC leadership, anticipating approvals for recent ETF submissions.
Full story here: https://coincu.com/334939-sec-postpones-crypto-etf-decisions
