The Capital Capital Founded Litecoin Exchange Fund spot is suspended after the American securities and stock exchanges did not take any action on Thursday, the original date for making the decision.
The silence of SEC meant that the cryptocurrency community uncertain on how the regulator will work in connection with the closing of the federal government and how its novel general list standards will affect the schedule of dozens of conclusions for cryptographic ETF in anticipation of approval.
ETF analyst Bloomberg James Seyffart I reporter Fox News Eleanor Terrett He noticed that the elderly dates 19b-4 for the conclusions of ETF cryptocurrencies may not be relevant, because SEC asked the applicants to withdraw them, leaving the S-1 registration declaration as the only document requiring regulatory approval.
However, overshadow, which is another layer of uncertainty surrounding the closing of the government.
In August, SEC Published “Operational Plan” in the event of closing the government, stating that “it would not check and would not approve applications for registration.” This includes novel financial products, changes in the rule of self -regulatory organization and review or acceleration of the effectiveness of registration declarations.
It is unclear whether the silence of the SEC in the place of Canary ETF is only because of the closing of the government, or whether it is also the result of novel general list standards that will make the term 19b-4 not irrelevant.
Canary withdrew 19b-4 last week, complicating the case
Canary withdrew his application 19b-4 on September 25 at the request of SEC, which could have been a factor contributing to SEC, which does not decide on Thursday. It is not clear what impact 19b-4s will have on candidates who did not withdraw this document.
– Litecoin (@litecoin) October 2, 2025
Cointelegraph contacted SEC and Canary about comment, but he did not receive an immediate answer.
SEC is still open but restricted
In the lithe of the government closing on Wednesday, SEC It was found that it will continue to work, but with a “very limited” number of employees available.
SEC has stated that his electronic data collection, analysis and download (Edgar) will remain.
Altcoins are trying to add a $ 75 billion of $ 75 billion to the ETF market
The market is preparing for the potential approval of several novel point cryptocurrencies – including LTC and Solana (SOL) to XRP (XRP), Avalanche (Avax), Cardano (ADA), Chain (LINK) and Dogecoin (Doge).
Related: House Republicans to explore the deleted lyrics of Gary Gensler
Any approval would be added to the currently available ETF from Bitcoin in the USA (BTC) and Ether (ETH) that attracted USD 61.3 billion AND $ 13.4 billion In the influx of their premiere last year.
Despite the failures, ETF Bloomberg analyst, Eric Balchunas he said On Monday, the novel SEC auction standards raised the chances of approval of ETF in the Spot cryptography to 100%.
Auction standards are expected to improve the process in accordance with the rule 6C-11, significantly reducing the approval schedule, which usually lasts up to 240 days.
Paul Atkins, chairman of SEC, said that novel list standards will reduce barriers to access to digital asset products and offer investors a greater choice.
Warehouse: Can the tokenized inventory Robinhood or Krakna really be really decentralized?
