#SEC推迟多个现货ETF审批

The U.S. Securities and Exchange Commission (SEC) has recently postponed the approval of multiple cryptocurrency spot ETFs, primarily involving Ethereum, XRP, and other currencies. Taking the Ethereum spot ETF as an example, the SEC was originally scheduled to make a decision on the applications from institutions like VanEck and ARK on May 23 and 24, 2024, but required the exchanges to adjust their listing application documents and update the 19b-4 filings, implying an extended approval process. This postponement reflects the SEC's cautious attitude towards the cryptocurrency market, with particular attention to potential market manipulation risks, investor protection, and the compliance of underlying assets. Previously, although the Bitcoin spot ETF was approved in 2024, the process took a decade of negotiation, with court rulings and regulatory pressure forcing the SEC to compromise, while the approval of other cryptocurrencies still faces stricter legal scrutiny. Furthermore, although the SEC has preliminarily acknowledged the application for the XRP spot ETF, it has not yet provided a clear timeline, indicating a higher threshold for non-Bitcoin assets. Analysts believe that regulatory agencies need to balance innovation and risk, leading to an extended approval cycle.