Shock Decision From SEC For This Altcoin! The
SEC rejected two Solana ETF applications.
SOL price remained stable around 240 dollars.
It is possible that the price may rise to $ 300 in the near future.
The US Securities and Exchange Commission (SEC) has officially rejected two of the spot ETF applications for Solana (SOL). This decision created tension in the cryptocurrency market and caused the Solana price to stabilize at the critical $240 level.
How Does the SEC's Decision Affect the Crypto Market?
The SEC's negative response to the Solana ETF applications created volatility across the market. No progress on spot crypto ETFs is expected for now. ETF Store President Nate Geraci said, "There will be no movement in spot crypto ETF applications until new leadership arrives." This has increased investors' impatience with the SEC's decisions.
