[Possibility of SEC Approval for Cryptocurrency ETFs... Signs of Change Following Trump's Election]
The U.S. Securities and Exchange Commission (SEC) is beginning to actively review the approval process for cryptocurrency exchange-traded funds (ETFs), signaling a shift in regulatory attitudes. This change has become more pronounced since Donald Trump's election and is raising hopes within the cryptocurrency industry.
[SEC Starts Review of Solana and Litecoin ETFs]
Recently, the SEC officially began reviewing Grayscale's applications for Solana and Litecoin ETFs. Previously, the SEC had rejected applications for ETFs tracking the spot prices of Solana, but this time it is collecting public feedback and keeping the door open for potential approval.
Teddy Fusaro, President of Bitwise, stated, "Just a few months ago, the SEC wasn't even considering such applications," analyzing that this movement indicates a significant change.
[Trump's SEC Nominee Raises Expectations for Regulatory Easing]
Following Trump's election, ETF issuers are hurrying to submit new applications for cryptocurrency ETFs, hoping for a more favorable regulatory environment. Paul Atkins, the nominee for SEC Chairman, has not yet received official approval; however, if his appointment is confirmed, there is a high likelihood of expanding cryptocurrency-friendly policies.
Notably, Trump's Media & Technology Group Corp. has attracted market interest by filing trademarks for six investment products, including ETF offerings associated with Trump's policy direction.
[Possibility of Approval, but Variables Remain]
While the SEC's changes are interpreted as positive signals for the cryptocurrency market, approval is expected to take time. The approval process may take several months, and it remains uncertain whether the SEC will classify certain cryptocurrencies as securities.
Currently, the Solana ETF application considers the coin as a commodity; however, the possibility of a change in the SEC's stance in the future cannot be ruled out. The regulatory environment for cryptocurrencies is likely to evolve, and the SEC's final decision will be closely watched.
This article does not constitute investment advice or financial recommendations. Cryptocurrency investments carry high risks, and the responsibility for any investment decisions lies solely with the investor.
