Uncertainty in the cryptocurrency market is heightened by Mysten Labs' increased engagement with the SEC and ETF speculation.
Mysten Labs and SEC Engagement
In September 2025, Mysten Labs increased its engagement with the SEC, emphasizing the growing attention to the cryptocurrency sector and the need for regulatory compliance. The SEC's focus on cryptocurrency privacy issues also triggered market reactions.
Impact on SUI Price
The SUI price has shown increased volatility, especially following the delay in the decision regarding the Canary Spot SUI ETF. Prices dropped by 2.66% within the first 24 hours after the announcement. However, despite this, there remains technical optimism with potential levels around $3.80–$4.60.
Prospects and Forecasts
Considering ETF approval, a potential rise to $7.50 for SUI hinges on further progress in regulatory relationships. Institutional investor participation could strengthen this growth, reflecting the historical influence of ETFs on other cryptocurrencies like Bitcoin. Forecasts among analysts remain positive.
Mysten Labs continues to actively engage with regulators, which may significantly impact the SUI market and its future price dynamics.
