#SECETF审批 The U.S. Securities and Exchange Commission (SEC) is cautiously advancing and adjusting policies regarding the approval of cryptocurrency ETFs. Recently, the SEC announced the postponement of several applications, including Franklin Templeton's SOL and XRP ETFs, as well as Grayscale's HBAR and DOGE ETFs, with the final decision deadline extended to October 2025. This decision continues the SEC's examination logic concerning market manipulation, liquidity, and investor protection, particularly in the context of the high volatility of cryptocurrencies, where regulators continuously require applicants to provide additional disclosure details.