SEC Delays Decisions on XRP, Solana, Litecoin, and Dogecoin ETFs

The U.S. Securities and Exchange Commission (SEC) has postponed its decisions regarding the approval of several exchange-traded funds (ETFs) for XRP, Solana, Litecoin, and Dogecoin, as reported on March 11. Bloomberg ETF analyst James Seyffart noted this delay is standard procedure and not a cause for concern, especially considering the final deadlines are in October. He also mentioned that Donald Trump's nominee for SEC chair, Paul Atkins, is yet to be confirmed. Fellow analyst Eric Balchunas added that delays also affect Ether ETFs. Since former SEC Chairman Gensler's resignation on January 20, some crypto firms facing legal action have had their cases dismissed, including Gemini on February 26 and Cumberland DRW on March 4. Furthermore, acting SEC Chairman Mark Uyeda proposed abandoning a rule change expanding regulation of alternative trading systems to crypto firms.