**#AltcoinETFsPostponed – SEC Slams Brakes on Crypto Expansion**

The SEC has delayed all non-BTC/ETH ETF applications, dealing a blow to altcoin markets:

- **Affected Assets:** SOL, XRP, ADA filings pushed to 2025

- **Official Reason:** "Insufficient market surveillance"

- **Political Angle:** Seen as pre-election caution

Market Fallout:

• SOL drops 18% post-announcement

• Grayscale withdraws Cardano trust application

• Bitcoin dominance spikes to 54%

Key Implications:

1) Institutions now forced to use futures/OTC for alt exposure

2) Projects doubling down on global listings (Dubai, Singapore)

3) ETF issuers may pivot to multi-asset "crypto basket" filings

The message is clear: The SEC isn't ready to expand its crypto embrace beyond the big two.