TLDR Crypto · MARKETS & BUSINESS

SEC TALKS WITH ETF ISSUERS OVER CONCERNS OF SOLANA BEING A SECURITY PRECEDED CBOE REMOVING 19B-4S

theblock.co2 min read

Summary from the TLDR Crypto newsletter

The SEC spoke with potential Solana ETF applicants about Solana possibly being a security. As a result, the Cboe agreed not to file 19b-4 forms, which would have started the official approval decision process. There might be new amendments to filings that would argue for Solana's status as a commodity. Experts believe Solana ETFs stand little chance of being approved under the Biden Administration and Gensler's SEC.