⚓⚡The U.S. Securities and Exchange Commission has postponed its decision on the application for the $SOL Spot ETF, stating that more time is needed to assess the legal and political issues.
⚓⚡It was reported by the #mansooralrhyb on May 20 that the SEC announced, according to Decrypt, that it would delay its ruling on the multiple Solana spot ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital, stating that more time is needed to address
⚓⚡the relevant legal and political issues. The SEC confirmed that the delay does not imply a conclusion and encouraged the public to provide their comments. Although the cryptocurrency
⚓⚡industry expects the Trump administration to expedite the approval of ETFs, analysts warn that the market still needs to approach the progress of the process with caution.
