SEC and the Future of Grayscale Solana Trust
The U.S. Securities and Exchange Commission (SEC) has decided to delay its decision regarding the proposed rule change to list and trade shares of Grayscale Solana Trust as a commodity-based product. The agency's Assistant Secretary Sherry Haywood emphasized that initiating the process is appropriate due to the legal and policy issues raised by the proposal. This move does not imply that the SEC has reached any conclusions.
Invitation to Participate in Legal Opinions
The SEC has requested interested parties to submit legal opinions within 21 days. For those who wish to provide counterarguments, the deadline is 35 days. This is an opportunity for market participants to express their views on this proposal, which directly impacts the development of the cryptocurrency market.
Strong Accumulation by Solana Whales
On-chain data shows that large investors are actively accumulating Solana. The increase in the number of non-zero wallets, along with network development, has attracted many institutional investors. For example, Upexi purchased 326,347 SOL at around 135 USD and now holds 596,714 SOL. At the same time, SOL Strategies also bought 122,524 SOL, at an average price of 148 USD, to strengthen their asset portfolio.
SOL Price and the Potential to Conquer ATH
The price of SOL is in a good position to retest its all-time high. A strong bullish trend of Altcoin could push the price well beyond 221 USD if the resistance around 180 USD is broken. This marks a new phase of excitement in the bullish cycle leading up to 2025, showcasing the sustainable growth and appeal of the Solana network, particularly through the popularity of memecoins.
Source: https://tintucbitcoin.com/gia-sol-vuot-qua-tam-ly-giam-tang-truong-an-tuong/
Thank you all for reading this article!
Please Like, Comment, and Follow TinTucBitcoin to stay updated with the latest news about the cryptocurrency market and not miss any important information!
