SEC delays decision on XRP, Solani, Litecoin, Dogecoin ETFS

The US Securities and Exchange Commission delayed its decision to approve several XRP, Solana, Litecoin and changing funds.

In the dream noon 11. Marta, the Agency said that “set up for a longer period” to decide on the proposed changes in the rules that would allow ETFS to continue.

Among the affected ETFS are Greiscale’s XRP (XRP) I CBOE BZX SPOT SPOT Solana (Salt) ETF noonThe decisions on them were pushed by May.

Bloomberg ETF Analyst James Seiffart said For 11. Marta x post which is as SEC just “slipped on a pile of submission in AltCoin ETF”, did not see it as a reason for concern. “It is expected, because it is a standard procedure.”

He added that American President Donald Trump chooses to chair SEC, Paul Atkins, not yet confirmed. “

“This does not change our (relatively high) chance for approval. Also note that final deadlines are not until October,” Seiffart said.

Colleague Bloomberg ETF Analyst Eric Balchunas also abolished, saying that “everything (is) was postponed”, including ETFS with ether (El) commitment and Observes in kind.

UN Early December, Trump chose Pro-Cripto Businessman and Former Sex Commissioner to be the next chairperson of agencies. However, hearings of congress certificates have yet to be scheduled.

This is not the first time that SEC extended the ETF decision-making period. 28. February, that extended the deadline for CBOE Exchange request to list the options related to ether (El) ETFS.

This followed that SEC received a Splav Altcoin ETF Login In awakening trump card and resignation of former SEC chair Gari Gensler.

Related: Altcoin ETFS come, but demand can be limited: Analysts

Gensler’s time in SEC came with what the industry said was Aggressive regulatory attitude towards CRIPTOWith 100 regulatory actions related to the CRIPTO during its mandate of 2021. years until resignation 20. January.

Since Gensler’s departure, an increasing number of companies facing legal action from the regulator, rejected their cases, including Crypto Exchange Gemini 26. February and Cripto Trade Cumberland Drv 4. March.

Meanwhile, Chairman of the acting SEC Mark Uieda has also proposed Leaving part of the change of rules This would expand the regulation of alternative trading systems to include crypto companies.

Journal: SEC is U-inclusion crypto leaves key issues unanswered