$SOL The United States Securities and Exchange Commission (SEC) has decided to postpone the decision on the approval or disapproval of the proposed regulatory change to list and trade shares of the Grayscale Solana Trust as a commodity-based trust. As noted by Sherry Haywood, the commission's deputy secretary, formal analysis procedures have been chosen to be instituted.

"The initiation of these procedures is appropriate due to the legal and public policy aspects raised by the proposal. This does not imply that the commission has made a decision on any of the issues involved," the official statement indicates.

The SEC has requested that all interested parties submit their written comments within the next 21 days, and established a deadline of 35 days to submit replies to the opinions sent by other participants.