(Bloomberg) – Donald Trump’s election to take over Gary Gensler as SEC chair has not yet been officially set up, but regulators already have funds trading on several new cryptocurrency exchanges. I’m on the path to approving it.
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On Thursday, the Securities and Exchange Commission said it was seeking public comment on Grayscale’s Solana and Litecoin Exchange-Traded products, according to its two filings. Industry observers have filed an ETF application to track the spot price of Solana, which is a sign of encouragement and change in pace from the agency, and previously, one of the biggest cryptocurrencies behind Bitcoin and Ether. He says he didn’t admit it. The SEC began seeking comment from another Litecoin ETF in January.
“The mere acceptance of applications for the review process, which happened this week, shows that their views have already changed,” Bitwise President Teddy Fusaro also applied for the Solana ETF. “Just a few months ago, they didn’t review at all, and now they’re officially taking them to the review process.”
Since Trump won the US election, fund issuers traded on exchanges hope that the president will take a more friendly approach by shunning the SEC. SEC flooded the SEC to launch products that hold creative crypto products. Sector. Trump’s SEC chair candidate, Paul Atkins, has yet to be confirmed by Congress.
The publisher is currently proposing a product that does everything to track tokens like dogcoins, from being all-in with Trump Memocoins. Earlier this week, Trump Media & Technology Group Corp. has applied to the trademark brand for six investment products, including three ETFs, with themes that closely track Trump’s priorities.
In addition to seeking public comment on Grayscale’s two Altcoin Fund filings, regulators said Thursday they are seeking comments on BlackRock’s iShares Bitcoin Trust ETF in person and whether they will allow redemption. I did.
The latest move from regulators is not approval of products that could never take months. Furthermore, the SEC is not yet clear about laying out whether the crypto assets underlying existing filings are securities. The current SEC filed Solana has accepted comments about treating tokens like goods.
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