The SEC's postponement of multiple spot ETF approvals reflects its cautious attitude towards the cryptocurrency market, involving assets such as DOT, HBAR, SOL, DOGE, etc. Despite market concerns over regulatory uncertainty, the industry remains somewhat optimistic about potential approvals within 2025. The Trump administration's pro-crypto policies may have a positive impact on future approvals, but in the short term, the SEC's decisions still prioritize investor protection and market stability.