$SOL SEC Slows Roll on SOL, XRP, and DOGE ETFs* 📉
In a move that’s frustrating investors but not unexpected, the *SEC has delayed decisions* on several key *altcoin ETF proposals*—including Solana (SOL), XRP, Dogecoin (DOGE), Litecoin (LTC), and Cardano (ADA). The delays push potential approvals into *mid-to-late May 2025*, extending the uncertainty clouding the next wave of crypto ETFs.
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🕰️ *New Deadlines:*
- *SOL ETF (Canary Capital)* → May 19
- *XRP ETF (Bitwise)* → May 22
- *LTC ETF* → May 13
- *DOGE ETF* → May 21
- *ADA ETF* → May 29
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⚖️ *Why the Delay?*
- *Leadership in Flux*: The SEC is operating under acting Chair Mark Uyeda, following failed confirmation of Paul Atkins. Regulatory direction is unclear.
- *Caution Mode*: Ongoing concerns over altcoin market manipulation and lack of robust spot markets compared to BTC and ETH.
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🚨 *Market Impact:*
Altcoins like SOL and XRP had rallied on ETF speculation earlier this year—but prices have cooled as optimism fades. Some analysts still see *potential approvals by late 2025*, especially if leadership changes or Congress acts on broader crypto legislation.
