The American Commission for Securities and Exchange has delayed the decision to approve several XRP, Solana, Litecoin and Dogecoin Exchange funds.
In many filings On March 11, the agency stated that “set a longer period” to decide on the proposed changes to the principles that would allow ETF.
Among the affected ETFs If Grayscale’s XRP (XRP) and Solana Spot (SOL) Cboe BZX Exchange filingswith decisions on their pushing until May.
SEC delayed the decision to approve several ETF Altcoin. Source: Sec
ETF analyst Bloomberg James Seyffart he said In a post of March 11, while SEC “simply” punched in a number of ETF Altcoin applications “, he did not consider it a reason for concern. “It is expected because it is a standard procedure.”
He added that the election of US President Donald Trump, who is chaired by Sec, Paul Atkins, “has not yet been confirmed.”
“This does not change our (relatively high) chance of approval. It should also be noted that the final terms are only in October, “said Seyffart.
Source: Samuel Maverick
ETF Analyst Bloomberg, Eric Balchunas, also came up, saying: ” [is] delayed “, including ETF with the ether (ETH) of Stakenda and the redemption of indexes.
At the beginning of December, Trump chose the pro-biznesmen and former commissioner Sec Atkins as the next chairman of the agency. However, interrogations regarding confirmation of the congress have not yet been planned.
This is not the first time SEC has extended the date of the ETF decision. On February 28, he extended the date at the request of CBEE Exchange on the list of options related to ETR (ETH) ETF.
This was attached to SEC, receiving a number of ETF Altcoin applications after Trump’s election and the resignation of former chairman SEC Gary Gensler.
Related: ETF Altcoin is coming, but the demand may be limited: analysts
Gensler’s time in SEC came with what, according to the industry, was an aggressive regulatory position against cryptocurrencies, with 100 regulatory activities related to cryptographic during his term from 2021 to his resignation on January 20.
Since Gensler’s departure, the growing number of companies encountering legal action has rejected matters, including Crypto Exchange Gemini on February 26 and the Cumberland Drw commercial company on March 4.
Meanwhile, the duties of the chairman of SEC Mark Uyeda also proposed to abandon a part of the change of the rule, which would expand the regulation of alternative trading systems with cryptographic companies.
Warehouse: Referring Sec at cryptography leaves key questions unanswered
