#StablecoinPayments

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on several altcoin-based exchange-traded funds (ETFs) as of March 2025, impacting proposals for cryptocurrencies like Dogecoin, XRP, Litecoin, Cardano, Solana, and Hedera. These delays, affecting filings from firms such as Grayscale, Bitwise, 21Shares, Canary Capital, and VanEck, were anticipated by analysts like James Seyffart, who noted they follow standard SEC procedure, particularly with Paul Atkins’ confirmation as SEC chair still pending. Despite the postponements, optimism persists, with approval odds for altcoin ETFs remaining high—Litecoin at 90%, Dogecoin at 75%, Solana at 70%, and XRP at 65%—driven by a more crypto-friendly U.S. administration post-Trump’s election. The SEC extended review periods to ensure thorough evaluation of market volatility, custody security, and regulatory concerns, with final deadlines set for October 2025 for most filings, though some, like XRP and Dogecoin ETFs, face decisions by mid-June. While these delays have slightly dampened altcoin prices, experts like Jamie Coutts suggest an altcoin season may already be underway, citing early market signals. The potential approval of these ETFs could attract significant institutional investment, further legitimizing cryptocurrencies in traditional finance.