
PANews|May 20, 2025 00:39
SEC postpones decision on Solana spot ETF application, stating that more time is needed to evaluate legal policy issues
According to Decrypt, the SEC announced the postponement of its rulings on multiple Solana spot ETF applications submitted by 21Shares, Bitwise, VanEck, and Canary Capital, stating that more time is needed to address relevant legal and policy issues.
The SEC emphasizes that a delay does not necessarily mean a conclusion has been reached and encourages the public to submit their opinions. Although the cryptocurrency industry expects the Trump administration to accelerate ETF approval, analysts remind the market to remain cautious about the progress of the process.
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