"VanEck is applying to create an ETF on Solana (SOL) in the US, but Bloomberg ETF analyst Eric Balchunas believes that this will only be possible with a change in the administration and leadership of the securities regulator. 🤔 While some, including Variant's chief legal counsel Fund, Jake Chervinsky, supports this view, others, including Cinneamhain Ventures partner Adam Cochran, believe that it would be wiser to clarify the status of SOL as a security before VanEck's filing. All this comes against the backdrop of the SEC and its chairman, Gary Gensler, designated SOL as a security in their lawsuits against Binance and Coinbase."