【Canary Capital Group submits SOL ETF application, SEC regulation may become a key factor】According to Mars Finance, Canary Capital Group submitted a new SOL ETF application to the SEC this week, just a few months after VanEck submitted a similar application. Republican SEC commissioners believe that investors should judge the value of such products themselves, and if Trump is elected, current chairman Gary Gensler may be replaced.
Although the SEC considers SOL to be a security, its definition of 'crypto asset securities' is changing. Looking back to 2014/2015, the prospects for a Bitcoin ETF were also not promising, but now there are Bitcoin and Ethereum ETFs.
Earlier this year, SEC commissioner Hester Pearce acknowledged the complexity of the cryptocurrency environment and believes that related issues should be handled based on existing case law. Next week's election could be a decisive factor.
