According to Odaily, Bloomberg ETF analyst Eric Balchunas stated in an interview with CoinDesk that the approval of a Solana (SOL) ETF next year depends on potential changes in government leadership. Balchunas elaborated that current SEC Chair Gary Gensler is unlikely to remain in his position, and the government is not expected to appoint a similar successor. He suggested that if the Republican Party takes control, the approval of a SOL ETF becomes more plausible, especially considering former President Donald Trump's ongoing efforts to establish relationships and achieve breakthroughs with key figures in the sector.