The SEC's Time is Running Out for Altcoins: Decisions on DOGE, AVAX, and HBAR Have Arrived!
The SEC continues to plunge the market into uncertainty by once again postponing its decisions regarding spot altcoin ETFs, but time is running out.
The U.S. Securities and Exchange Commission (SEC) has postponed its decision on spot cryptocurrency exchange-traded funds (ETFs) for Dogecoin (DOGE), Hedera (HBAR), and Avalanche (AVAX) to a later date, just as it has done many times in recent months. According to the commission's announcement yesterday, among the funds awaiting a decision are the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and VanEck Avalanche ETF. The SEC stated that no conclusions have been reached regarding these postponements, expressing that it expects additional comments and opinions on the matter from investors and market participants.
These decisions by the commission have become one of the first postponement decisions made under the leadership of the new chairman, Paul Atkins. Since taking office on April 22, Atkins had promised a more friendly approach toward the cryptocurrency sector. However, the postponement decisions have led to comments that market expectations are not being met.
On the other hand, according to news sources from Bloomberg yesterday, it was reported that the approval process for Solana (SOL) spot ETF applications has accelerated with the SEC. Bloomberg analyst Eric Balchunas noted that the SOL ETF could be approved within the next two to four months.
