**SEC Rejects Solana Spot ETF Application Before Trump's Presidency**

The U.S. Securities and Exchange Commission (SEC) has notified at least two applicants planning to launch a Solana (SOL) spot ETF that their 19b4 application will be rejected, reported by FOX Business's Eleanor Terrett.

This decision was made just days before the first SOL ETF approval deadline, which is set for three days after Gary Gensler's departure, when Donald Trump assumes the presidency. Observers generally believe that under the current administration, the SEC will not consider any new cryptocurrency ETFs, suggesting that policy changes may occur with a change in leadership.