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

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.

Author
Alexander Stefanov

Reporter at CoinsPress

Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.

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