#SEC推迟多个现货ETF审批 The U.S. Securities and Exchange Commission (SEC) has postponed the approval of several spot ETFs for the following main reasons:

• Asset Market Maturity and Stability: The asset markets, such as cryptocurrencies, are relatively unstable, with significant price fluctuations and potential market manipulation risks. For instance, although Bitcoin has existed for many years, the market is still not mature enough. The SEC needs more time to assess market maturity and ensure investor protection.

• Legal Compliance: The legal status of some crypto assets is unclear. For example, Solana and XRP have been considered potential securities by the SEC, which increases the legal uncertainty surrounding related ETF applications. The SEC must ensure that approvals comply with legal regulations and supervisory requirements.

• Regulatory Policies and Risks: The cryptocurrency market has regulatory gaps and carries risks associated with money laundering and illegal activities. The SEC needs to improve regulatory policies to address these issues.