The change in leadership at the SEC under Paul Atkins promised changes, however, decisions on spot crypto ETF applications are still being delayed.
Delay in ETF Decisions
The SEC continues to postpone decisions on several spot ETF applications. This has become a recurring issue in recent months, frustrating many in the market.
Discussion with SEC on Changes
Recently, the SEC announced its next steps concerning ETFs like the Bitwise Dogecoin ETF and the VanEck Avalanche ETF. The agency confirmed that 'institution of proceedings' does not indicate any conclusions have been reached, but they are open to comments from interested parties.
Criticism of SEC's Approach to Delays
Criticism of the SEC has intensified, as delays are not only occurring with spot ETFs. The ongoing case with Ripple also faces delays, but there are hopes for a resolution in the near future.
Amid these recent delays, some experts are actively discussing the need for the SEC to change its approval processes, which could enhance fairness and innovation in financial markets.
