CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
The Defiant 2024-12-06 11:46:00

SEC Is Reportedly Readying To Shoot Down Solana ETF Applications

Prospective spot Solana exchange-traded fund (ETF) issuers reportedly will not get the nod from the U.S. Securities and Exchange Commission (SEC) during Biden’s term in office. On Nov. 5, Eleanor Terrett, a journalist for Fox Business, reported that the SEC told two spot Solana ETF hopefuls that it will reject their applications. Terrett said the SEC will not approve any new crypto ETFs under the Biden administration, meaning applicants have no chance of receiving approval until after the incoming Trump administration enters the Oval Office in January. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.