- Grayscale Cardano, Avalanche and Avalanche ETF applications are delayed until July 15th by the SEC.
- Despite regulatory uncertainty, ADA and AVAX prices continue to rise.
The U.S. Securities and Exchange Commission has taken a more open position towards the crypto sector since Paul Atkins became SEC chair.
It was a change from the stricter approach taken by former Chair Gary Gensler.
This shift in the regulatory landscape has not eliminated all obstacles.
Grayscale delays two ETFs proposals
Recently, the SEC announced that it has begun to regulate cryptocurrency. postponed Grayscale’s request for spot ETF and its decision Cardano [ADA] You can also find out more about the following: Avalanche [AVAX] Please read this again.
The overall evaluation period is still 240 days. A final decision will be expected on the 22nd October 2025.
SEC notes
“The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein.”
Why is there a delay?
Grayscale has filed a proposal for the Avalanche Trust to be listed and traded on the 27th march. Public input could begin as early as 16th february.
The SEC originally planned to make a decision by May 31, ending the 45 day review period.
To allow for a thorough review and to take into account all public feedback, the Commission has extended the deadline until the 15th July.
The extra time gives regulators the opportunity to consider all of the aspects, such as potential risks before they decide whether or not to accept, reject, and/or initiate further procedures.
Positive market sentiment
Market sentiment remains strong despite delays in regulatory approval.
As of the date this article was written, ADA had not yet been established. trading AVAX, on the other hand, has gained 0.60% in just 24 hours. climbed By 2.41%, the price of $23.77 has increased.
The words “meanwhile” and “on” are both used to describe the same thing. PolymarketCardano’s ETF spot approval likelihood is estimated to be 67%. Avalanche, however, does not have similar data.
It is interesting to note that the SEC delayed their decision about Grayscale shortly after this development. proposed The 20th of may saw the launch of the XRP ETF and the DOGE Spot ETF, which highlights a trend in the Commission’s cautious examination of multiple crypto-based investments.
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Source: ambcrypto.com
