SEC will reject two applications for the creation of Solana (SOL) ETFs, which analysts are calling a "parting gift" from the Commission Chairman Gary Gensler. Sources indicate that no new cryptocurrency ETFs will be approved before his resignation in January 2025. It is expected that after the appointment of the new Chairman, Paul Atkins, the applications will be resubmitted. However, analysts believe the decision on the Solana ETF will be postponed until there is a shift in the SEC’s stance on cryptocurrencies.
12/7/2024 1:57:55 PM (GMT+1)
SEC to reject Solana ETF applications – "parting gift" from Gary Gensler to the crypto industry before his resignation on January 20, 2025 💼
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This material was prepared by Khachatur Davtyan, developed and translated by artificial intelligence.
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