Solana ETF Approval Could Be Imminent as SEC Faces Leadership Shift and Pro-Crypto Agenda

Fox Business reporter Eleanor Terrett has revealed that the SEC is in quiet discussions with multiple issuers regarding the approval of a Solana ETF.
This comes as the possibility of a pro-crypto administration under Donald Trump grows, potentially paving the way for more crypto-friendly policies. With SEC Chair Gary Gensler’s resignation set for January 2025, the approval of such a product could be imminent.
The shift in leadership and Trump’s promises to overhaul U.S. crypto regulations, including replacing Gensler, have sparked optimism. Gensler, who has been critical of the industry, may expedite decisions to create a more favorable environment for digital assets under a new SEC leadership.
READ MORE: UK to Unveil Comprehensive Crypto Regulations in 2025 to Stay Competitive Globally
Solana ETF applications, which have previously struggled to progress, are seeing renewed interest. Canary Capital and Bitwise recently filed for Solana ETFs, increasing pressure on the SEC to take action.
Gensler’s departure marks the beginning of a potential regulatory shift that could result in a more supportive approach to crypto assets in 2025, marking a pivotal year for the industry.