According to reports, the U.S. Securities and Exchange Commission is taking down Solana.SOLApplications for ETFs based on a ) were received in the last few weeks Gary Gensler served as chair.
Fox Business reporter Eleanor Terrett quoted unnamed sources. says At least two out of five SOL ETF applications have been rejected by the SEC.
Terrett added that the SEC’s administration currently has no intention of approving any other applications.
Grayscale, a crypto asset manager, has also filed for SOL ETFs. VanEck, 21Shares and Canary Capital have already submitted their applications. recently applied Convert its Solana Trust in a Spot Exchange-Traded Fund.
Eric Balchunas is a senior ETF Analyst at Bloomberg. predicts Companies will be able to provide you with the best services. reapply With the new SEC next year.
“This was [Gensler’s] parting gift I guess.”
Gensler has released a statement following Donald Trump’s victory in the presidential election last month. announced In January, he will step down on the day that President-elect Donald Trump takes office. It was planned that the SEC chairman’s tenure would last until 2026.
Gensler led the Securities Watchdog to launch high-profile enforcement action against many crypto companies, including Binance, Kraken Coinbase Ripple Labs Uniswap Labs Consensys.
Trump picked Paul Atkins, former SEC commissioner and Patomak Partners Chief Executive Paul Atkins will head the regulatory agency.
Atkins will be at Patomak in 2022. penned A letter stating that Americans may be interested in buying crypto assets for retirement planning as they become more familiarized with them.
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