PANews reported on May 20 that according to Decrypt, the U.S. Securities and Exchange Commission (SEC) announced that it would postpone the ruling on multiple Solana spot ETF applications submitted by 21Shares, Bitwise, VanEck and Canary Capital, saying that more time is needed to deal with relevant legal and policy issues. The SEC emphasized that the delay does not mean that a conclusion has been reached and encouraged the public to submit opinions. Although the crypto industry expects the Trump administration to accelerate ETF approvals, analysts remind the market that the process should still be viewed with caution.
SEC Delays Decision on Solana Spot ETF Application, Says More Time Needed to Evaluate Legal and Policy Issues
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