Abutalib

02/10 06:43

The U.S. Securities and Exchange Commission (SEC)

SEC Acknowledges Grayscale’s Solana ETF Filing, Hinting at Potential Regulatory Sea ChangeNotable because this is the first time an ETF filing tracking a coin that had previously been called a ‘security’ has been acknowledged by [the] SEC.

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Only six weeks ago the [Gensler]-led SEC told CBOE to withdraw their Solana 19b-4. So we are now in new territory, albeit just a baby step, but seemingly the direct result of leadership change.”

In December, the SEC shot down all SOL-based ETF applications before Gensler resigned from his position prior to the inauguration of President Donald Trump. At the time, Balchunas predicted the firms would reapply after the regime change.

Seyffart goes on to note the SEC changing its tune on Solana might fare well for crypto firms facing lawsuits where the regulatory body claims SOL qualifies as a “security.”

The final deadline for Grayscale’s application would be around October 11th, according to Seyffart.

Solana is trading for $193.37 at time of writing, a 1.3% increase during the last 24 hours.

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