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