# SOL Breaks $170#



SEC Postpones Decision on Solana ETF Applications from Major Companies!
The U.S. Securities and Exchange Commission (SEC) has postponed its decision regarding the Solana ETF applications submitted by 21Shares and Bitwise, starting to gather public opinions on the matter.
According to a statement made by the SEC on Monday, the formal process for reviewing the 21Shares Core Solana ETF and Bitwise Solana ETF applications has been initiated. The commission emphasized that this process does not imply any outcome or decision, but rather, they want to hear the views of all parties involved.
The SEC's recent stance on Solana ETF applications was eagerly awaited. The commission also requested public opinion for the Canary Solana Trust and VanEck Solana Trust on the same day. Notably, many different crypto asset ETF applications ranging from XRP to Dogecoin are currently pending before the SEC.
Crypto opening during the Trump era
Crypto ETF applications gained momentum after the acceptance of Bitcoin and Ethereum-focused spot ETFs during the Biden administration. With President Donald Trump's inauguration in January, the SEC's approach to crypto changed. Under the leadership of new chairman Paul Atkins, the commission began to adopt a more inclusive stance by dropping many previously opened crypto cases and holding public sessions related to the industry.
Finally, new SEC Chairman Paul Atkins, during a crypto panel he attended on Monday, criticized the regulatory approaches of previous administrations and outlined his new vision for cryptocurrency regulations. This stance from the SEC is raising market expectations for Solana ETFs, while the direction of the final decision remains a subject of curiosity.
TRUMP3.01%
ETH5.09%
SOL2.77%
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