Approval of Solana ETF gains momentum %
Negotiations with Sec for #Solana #ETF continue, and approval is within reach
the SEC is in talks with issuers to approve Solana ETF, indicating possible changes under the Trump administration.
While progress has been made, current SEC Chairman Gary Gensler's anti-currency stance could delay government action until 2025.
While Brazil remains the only country to approve the Solana ETF, optimism is growing as new S-1 filings are pending.
Fox Business reporter Eleanor Terrett reported that the SEC is secretly meeting with several issuers to discuss possible approval of the Solana ETF. Given the Trump administration's imminent support for #cryptocurrencies , the SEC appears to be leaning toward approving such products. But Gary Gensler, who opposes cryptocurrencies, is still nominally the head of the SEC, and public progress may not begin until 2025.
According to a report by Fox Business reporter Eleanor Terrett, the SEC and several ETF issuers are in talks to approve the Solana ETF. So far, Brazil is the only country that has given the green light to the product. Back on May 9, Polymarket odds gave the SEC a dismal 3% chance of approval. But that reluctance may soon change:
Negotiations between Sec staff and issuers looking to launch a Solana spot ETF are "ongoing" and the SEC is currently involved in its S-1 application. The recent hiring of staff, coupled with the arrival of #cryptocurrency administrators, renews a sense of optimism that the Solana ETF could be approved in 2025, Terrett said.
Terrett very clearly outlined the impetus for such progress in negotiations - the re-election of Donald Trump. During the campaign, Trump promised to significantly reform U. S. cryptocurrency policy. On Sept.
previous attempts failed early in the process.
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