The US Securities and Exchange Commission has delayed its decision to approve some funds exchanged by the Dogecoin and Dogecoin exchange.
In a murder of filings On March 11, the agency said it “assigned a longer period” to decide on the proposed rule changes that would allow the Etfs to proceed.
Among the affected ETFs Ay Grayscale’s XRP (XRP) and place of CBOE BZX Exchange Solana (Sol) Etf filingsIn decisions of them were pushed until May.
The SEC has delayed making a decision to approve some ETFs of Altcoin. Source: Sec
Bloomberg ETF Analyst James Seyffart Says In a post of March 11 X that while the SEC was only “struck with a bunch of Altcoin’s ETF filing,” he did not see it as a reason for recall. “Expected, because this is a common procedure.”
He added that US president Donald Trump’s choice to lead to the SEC, Paul Atkins, “has not been confirmed yet.”
“It does not change our (relatively high) odds of approval. Also remember that the final deadlines are not until October,” Seyffart said.
Source: Samuel Maverick
Fellow Bloomberg ETF Analyst Eric Balchunas also chipped, saying that “all (is) delayed,” along with ETFs featuring ether (Eth) staking and In-kind redemptions.
UN early December, Trump chose the pro-crypto businessman and Former SEC Commissioner Atkins To be the next seat of the agency. However, congressional confirmation hearings have not been scheduled.
This is not the first time the SEC has expanded an ETF decision deadline. In Feb. 28, this Expanded Deadline for CBEE Exchange request to list options tied to ether (Eth) Etfs.
This followed the receiving of Sec A Raft of filings of altcoin etf At the end of Trump’s election and the resignation of the former Sec chair gary gensler.
Related: Altcoin ETFs will come, but Demands may be limited: Analysts
Gensler’s time in the SEC arrived along with the industry said is a aggressive bearing regulation toward crypto.
Since the departure of Gensler, a growing number of companies faced with legal action from the regulator has eliminated their cases, including Crypto Exchange Gemini In Feb. 26 and crypto trading firm Cumberland DRW on March 4.
Meanwhile, meanwhile acting sec chairman mark uyeda was also suggested The abandonment of part of a change in rule That will expand the regulation of alternative trading systems to include crypto companies.
Magazine: SEC U-Turn to Crypto leaves key questions that are not answered
