SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

SEC delays decision on XRP, Solana, Litecoin, Dogecoin ETFs

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The US Securities and Stock Exchange Committee delayed its decision to agree to many XRP, Solana, Litecoin, and Dogoin in circulation.

In a large number of filings On March 11, the agency said it “set a longer period” to decide on the proposed base changes that would allow ETFS To follow up.

Among the circulating investment funds We are XRP’s GRAYSCAE (Xrp) And CBOE BZX Exchang Sot Solana (Teller) ETF filingsWith the decisions that were paid to them until May.

SEC has been delayed in making a decision to agree to many investment funds circulating in Altcoin. source: second

Bloomberg analyst ETF James Sevart He said In the publication of March 11, while the Supreme Education Council “,” it just run a set of altcoin etf files “, it has not seen it as a cause of concern.” It is expected, because this standard measure. ”

He added that the choice of US President Donald Trump to head the Supreme Education Council, Paul Atkins, “has not yet been confirmed.”

“This does not change the possibilities of approval (relatively high). Also note that the final dates are not until October.

source: Samuel Maverick

Eric Balunas, an analyst of the Bloomberg colleague at ETF, was charged with “everything [is] Delayed, “including the traded investment funds that are characterized by ancient (EthStokeing and In -kind summaries.

In early December, Trump chose a pro -profit businessman Former SEC Commissioner Atkins To be the next head of the agency. However, Congress confirmation sessions have not been identified.

This is not the first time that SEC has extended on the deadline of ETF decision. On February 28, it is Extend the deadline for the CBOE Exchange request To list the options associated with the aromatic (Eth) ETFS.

This follows the Supreme Education Council to receive a A collection of altcoin etf files In the wake of Trump’s election and a previous resignation SEC President Gary Gensler.

Related to: ALTCOIN ATFS, but the demand may be limited: analysts

Gensler’s time came in SEC with what the industry said was Adian organizational position towards encryptionWith 100 regulatory measures related to encryption during his term from 2021 to his resignation on January 20.

Since the departure of Jinsler, an increasing number of companies facing legal procedures have been rejected from the organizer, including Gemini exchange On February 26 and the Curd Trading Company DRW Camberland on March 4.

During, Acting Chairman of the Board of Directors of SEC Mark Oida It has also suggested Abandoning a part of the base change It would expand the organization of alternative trading systems to include encryption companies.

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