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The Securities and Exchange Commission (SEC) of the United States has postponed decisions on several requests for XRP, Litecoin (LTC), Solana (Sol) and Dogecoin (DOGE) ETF (Stock Exchange Funds).
The agency said in a March 11 deposit that he “appointed a longer period” to decide on the proposed rules of rules that would allow ETFs to take the next step.
The Bloomberg expert is not concerned about the delay in the dry
The affected ETFs include the FNB Solana Etf Solana from CBOE BZX Exchange and the ETF XRP of Graycale. SEC now has until May to make a decision on these funds.
Although the SEC refused to make a decision on the ETF, Bloomberg ETF analyst, James Seyffart, said that he expected to “expect” the delay, appealing to part of the “standard procedure”.
The milestone and the essential and in kind are also delayed. Everything delayed. It’s like the Amtrak linked to New York on Monday morning: “Mechanical problems at DC”
– Eric Balchunas (@ericbalchunas) March 11, 2025
He added that the American president Donald Trump Choose the president of the Sec, Paul Atkins, has not even been confirmed yet.
“This does not change our chances of approval (relatively high),” he said, adding that the final deadline for fund decisions is October.
Flurry of FNB requests submitted to the dry after the resignation of peopleler
The decision of the dry to delay its decision for several ETF Altcoin comes after the agency received several requests for funds related to cryptos other than Bitcoin and Ethereum at the start of the year.
The catalyst was the resignation of the former Dry Anti-Crypto President Gary Gensler.
Under the management of peopleler, the SEC opted for an approach by approaching the application of American societies operating in cryptographic space.
Since resigning on January 20 and the Pro-Crypto Donald Trump has entered the White House on the same day, several prosecution against cryptographic companies have been abandoned.
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