SEC Rejects Solana Spot ETF Filings Before Trump's Presidency

Dec 6, 2024, 03:29 AM

The U.S. Securities and Exchange Commission (SEC) has informed at least two applicants seeking to launch a spot Solana (SOL) ETF that their 19b4 filings will be rejected, according to FOX Business reporter Eleanor Terrett. This decision comes just days before the first SOL ETF approval deadline, which is set for three days after Gary Gensler leaves office and Donald Trump assumes the presidency. The consensus among observers is that the SEC will not entertain any new cryptocurrency ETFs under the current administration, suggesting a potential shift in policy with the change in leadership.