SUI Nears Pivotal Moment: Mysten Labs Meets with SEC Ahead of ETF Decision

Blockchain developer Mysten Labs, the team behind Sui, has entered a decisive stage of talks with the U.S. Securities and Exchange Commission (SEC). In mid-September, accompanied by legal representatives from Sidley Austin LLP, Mysten Labs met with the SEC Crypto Task Force to address regulatory issues as the agency prepares for a final ruling on the launch of the first SUI ETF funds.

Why did the meeting happen now? Mysten Labs highlighted that the Sui blockchain is a high-performance, scalable network with low latency, high throughput, and advanced security. Its ecosystem already supports projects such as Sui Name Service (SuiNS), the decentralized liquidity layer DeepBook, and the data storage protocol Walrus. The firm positioned itself as a technology leader advocating for regulation that fosters innovation and broader adoption of digital assets. At a time when the SEC continues to delay decisions on ETF applications from 21Shares and Canary, Mysten Labs’ proactive engagement could play a critical role in shaping the outcome.

SUI ETF – a potential turning point The SEC is expected to rule soon on whether to approve spot ETFs for Sui. Mysten Labs has reportedly suggested that the commission consider exceptions via self-certification and implement requirements for ongoing disclosures similar to those applied to older crypto projects. This development comes within a new political climate where the Trump administration is pushing for clearer crypto regulations and a more favorable regulatory environment.

SUI price climbs despite uncertainty Over the past week, the SUI token has gained nearly 7%, currently trading around $3.51. Daily trading ranged between $3.43 and $3.56, while trading volume jumped by more than 13%, signaling strong investor interest amid speculation around a potential ETF approval. According to analyst Ali Martinez, a green light from the SEC could send SUI soaring above $5, making it one of the standout crypto assets of the fall season.

🔥 Takeaway: Mysten Labs’ meeting with the SEC underscores that Sui is playing a high-stakes game for its place on Wall Street. If the ETF is approved, the token could join Bitcoin and Ethereum as a major driver of the next phase of crypto adoption.

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