The SEC delayed decisions on altcoin ETFs from Bitwise, Grayscale, and VanEck, continuing a trend of regulatory holdups in crypto approvals.
VanEck and 21Shares criticized the SEC for abandoning the first-to-file policy, arguing it disadvantages firms and disrupts competition.
Ripple and the SEC jointly requested a case resolution, proposing partial payment and settlement to avoid further legal confrontation.
The U.S. Securities and Exchange Commission has postponed decisions on several spot altcoin exchange-traded fund applications, including the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and the VanEck Avalanche ETF. These delays continue despite heightened expectations for progress under new SEC leadership.
Asset managers like VanEck and 21Shares have voiced frustration over what they describe as the SEC’s lack of a fair “first-to-file” process. In a formal letter, the firms argued that by failing to approve filings based on order of submission, the Commission is disadvantaging early filers and disrupting competitive balance in the ETF market.
SEC Requests Further Amendments
On Tuesday, the Commission reportedly asked issuers of the pending spot Solana ETF to update their S-1 filings. Historically, such a request signals that the review process is nearing completion. Industry analysts, including Bloomberg’s Eric Balchunas, estimate that approvals for Solana ETFs may arrive within two to four months.
Despite mounting pressure and multiple new applications submitted, the SEC continues to extend deadlines. The Commission maintains that initiating proceedings does not imply a decision has been made. It has encouraged the public to submit comments on the proposed rule changes as part of its ongoing evaluation.
Ripple Case Nears Resolution
Meanwhile, in a separate matter, the SEC and Ripple Labs have jointly requested that a Manhattan court dissolve the long-standing injunction in their ongoing case. The proposal suggests a payment of $50 million to the SEC and the release of the remaining $75 million from escrow back to Ripple.
This joint filing points to an effort to end remaining legal disputes and avoid prolonged litigation. It follows a previous decision by Judge Analisa Torres in May, where a similar request was denied. The latest move reflects a shift in both the agency’s crypto policy and Ripple’s willingness to resolve the case.
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SEC Delays Spot Altcoin ETF Decisions Despite New Crypto Filings
The SEC delayed decisions on altcoin ETFs from Bitwise, Grayscale, and VanEck, continuing a trend of regulatory holdups in crypto approvals.
VanEck and 21Shares criticized the SEC for abandoning the first-to-file policy, arguing it disadvantages firms and disrupts competition.
Ripple and the SEC jointly requested a case resolution, proposing partial payment and settlement to avoid further legal confrontation.
The U.S. Securities and Exchange Commission has postponed decisions on several spot altcoin exchange-traded fund applications, including the Bitwise Dogecoin ETF, Grayscale Hedera Trust, and the VanEck Avalanche ETF. These delays continue despite heightened expectations for progress under new SEC leadership.
Asset managers like VanEck and 21Shares have voiced frustration over what they describe as the SEC’s lack of a fair “first-to-file” process. In a formal letter, the firms argued that by failing to approve filings based on order of submission, the Commission is disadvantaging early filers and disrupting competitive balance in the ETF market.
SEC Requests Further Amendments
On Tuesday, the Commission reportedly asked issuers of the pending spot Solana ETF to update their S-1 filings. Historically, such a request signals that the review process is nearing completion. Industry analysts, including Bloomberg’s Eric Balchunas, estimate that approvals for Solana ETFs may arrive within two to four months.
Despite mounting pressure and multiple new applications submitted, the SEC continues to extend deadlines. The Commission maintains that initiating proceedings does not imply a decision has been made. It has encouraged the public to submit comments on the proposed rule changes as part of its ongoing evaluation.
Ripple Case Nears Resolution
Meanwhile, in a separate matter, the SEC and Ripple Labs have jointly requested that a Manhattan court dissolve the long-standing injunction in their ongoing case. The proposal suggests a payment of $50 million to the SEC and the release of the remaining $75 million from escrow back to Ripple.
This joint filing points to an effort to end remaining legal disputes and avoid prolonged litigation. It follows a previous decision by Judge Analisa Torres in May, where a similar request was denied. The latest move reflects a shift in both the agency’s crypto policy and Ripple’s willingness to resolve the case.
The post SEC Delays Spot Altcoin ETF Decisions Despite New Crypto Filings appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.